Ramirez Asset Management Inc. Has $75,000 Stock Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Ramirez Asset Management Inc. trimmed its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 98.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,233 shares of the bank’s stock after selling 193,650 shares during the period. Ramirez Asset Management Inc.’s holdings in Banco Bilbao Viscaya Argentaria were worth $75,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BBVA. Bank of America Corp DE boosted its holdings in shares of Banco Bilbao Viscaya Argentaria by 28.0% in the second quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock worth $142,760,000 after buying an additional 2,034,318 shares during the period. American Century Companies Inc. boosted its holdings in shares of Banco Bilbao Viscaya Argentaria by 23.4% in the third quarter. American Century Companies Inc. now owns 3,248,176 shares of the bank’s stock worth $62,527,000 after buying an additional 615,985 shares during the period. Millennium Management LLC lifted its position in shares of Banco Bilbao Viscaya Argentaria by 373.4% in the third quarter. Millennium Management LLC now owns 768,243 shares of the bank’s stock worth $14,789,000 after purchasing an additional 605,947 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Banco Bilbao Viscaya Argentaria by 53.2% in the third quarter. BNP Paribas Financial Markets now owns 1,089,572 shares of the bank’s stock worth $20,974,000 after purchasing an additional 378,554 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Banco Bilbao Viscaya Argentaria in the fourth quarter worth approximately $7,692,000. 2.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of BBVA opened at $22.22 on Friday. The firm has a market cap of $126.82 billion, a PE ratio of 10.58, a PEG ratio of 0.58 and a beta of 0.81. The firm’s 50 day moving average price is $22.33 and its 200 day moving average price is $22.69. Banco Bilbao Viscaya Argentaria S.A. has a twelve month low of $14.63 and a twelve month high of $26.20.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings data on Tuesday, March 31st. The bank reported $0.59 earnings per share for the quarter. The firm had revenue of $12.33 billion for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 28.21% and a return on equity of 17.65%. On average, sell-side analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 2.26 earnings per share for the current fiscal year.

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.