Hennion & Walsh Asset Management Inc. Lowers Stock Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Hennion & Walsh Asset Management Inc. lowered its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 15.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 198,073 shares of the bank’s stock after selling 36,268 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Banco Bilbao Viscaya Argentaria were worth $3,813,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its holdings in shares of Banco Bilbao Viscaya Argentaria by 10.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,941,273 shares of the bank’s stock valued at $149,020,000 after buying an additional 1,014,305 shares during the period. Bank of America Corp DE increased its position in shares of Banco Bilbao Viscaya Argentaria by 28.0% in the 2nd quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock worth $142,760,000 after purchasing an additional 2,034,318 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Banco Bilbao Viscaya Argentaria by 11.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,548,398 shares of the bank’s stock valued at $69,909,000 after purchasing an additional 467,226 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 17.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,375,294 shares of the bank’s stock valued at $67,247,000 after acquiring an additional 637,519 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 11.3% in the 2nd quarter. American Century Companies Inc. now owns 2,632,191 shares of the bank’s stock valued at $40,457,000 after acquiring an additional 267,740 shares during the last quarter. 2.96% of the stock is owned by hedge funds and other institutional investors.

Banco Bilbao Viscaya Argentaria Price Performance

Shares of BBVA opened at $23.44 on Wednesday. The business’s 50-day moving average is $21.87 and its 200-day moving average is $19.16. The company has a market capitalization of $141.22 billion, a price-to-earnings ratio of 12.27, a P/E/G ratio of 0.99 and a beta of 0.82. Banco Bilbao Viscaya Argentaria S.A. has a fifty-two week low of $10.03 and a fifty-two week high of $24.19.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its earnings results on Thursday, October 30th. The bank reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $10.59 billion during the quarter, compared to the consensus estimate of $10.47 billion. Banco Bilbao Viscaya Argentaria had a net margin of 28.58% and a return on equity of 17.07%. Equities research analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BBVA has been the subject of a number of recent research reports. Wall Street Zen raised shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, December 29th. Zacks Research cut shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Morgan Stanley assumed coverage on shares of Banco Bilbao Viscaya Argentaria in a research note on Tuesday, October 21st. They set an “equal weight” rating on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Company Profile

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.