Banco Bilbao Viscaya Argentaria S.A. $BBVA Shares Sold by Goodman Advisory Group LLC

Goodman Advisory Group LLC trimmed its holdings in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 47.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,915 shares of the bank’s stock after selling 102,134 shares during the period. Goodman Advisory Group LLC’s holdings in Banco Bilbao Viscaya Argentaria were worth $2,424,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Basepoint Wealth LLC purchased a new stake in shares of Banco Bilbao Viscaya Argentaria in the fourth quarter valued at approximately $26,000. Root Financial Partners LLC raised its position in Banco Bilbao Viscaya Argentaria by 59.6% in the fourth quarter. Root Financial Partners LLC now owns 1,141 shares of the bank’s stock worth $27,000 after acquiring an additional 426 shares in the last quarter. Harbour Investments Inc. raised its position in Banco Bilbao Viscaya Argentaria by 84.1% in the fourth quarter. Harbour Investments Inc. now owns 1,259 shares of the bank’s stock worth $29,000 after acquiring an additional 575 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in Banco Bilbao Viscaya Argentaria by 50.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,304 shares of the bank’s stock valued at $30,000 after acquiring an additional 440 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Banco Bilbao Viscaya Argentaria during the 4th quarter worth $31,000. 2.96% of the stock is owned by institutional investors and hedge funds.

Banco Bilbao Viscaya Argentaria Stock Performance

BBVA opened at $24.34 on Friday. The company has a market cap of $138.93 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 0.61 and a beta of 0.81. Banco Bilbao Viscaya Argentaria S.A. has a one year low of $14.63 and a one year high of $26.20. The business’s fifty day moving average is $22.83 and its two-hundred day moving average is $22.97.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its quarterly earnings results on Tuesday, March 31st. The bank reported $0.59 earnings per share for the quarter. The business had revenue of $12.33 billion during the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 17.65% and a net margin of 28.21%. On average, analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 2.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BBVA. Wall Street Zen cut shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Barclays cut shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Weiss Ratings downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 4th. Zacks Research cut shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Finally, UBS Group reiterated a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, April 20th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Banco Bilbao Viscaya Argentaria currently has an average rating of “Hold”.

About Banco Bilbao Viscaya Argentaria

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank traces its roots to several historic regional banks and was formed through a series of mergers that consolidated its position as one of Spain’s largest banking groups. BBVA operates as a universal bank offering a broad range of financial services to retail, corporate and institutional clients.

BBVA’s core businesses include retail and commercial banking, corporate and investment banking, private banking and wealth management, asset management, and insurance.