Oppenheimer Asset Management Inc. Reduces Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Oppenheimer Asset Management Inc. trimmed its position in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 29.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 190,870 shares of the bank’s stock after selling 80,861 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Banco Bilbao Viscaya Argentaria were worth $3,674,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Dynasty Wealth Management LLC purchased a new stake in shares of Banco Bilbao Viscaya Argentaria in the third quarter valued at approximately $876,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Banco Bilbao Viscaya Argentaria during the 3rd quarter valued at $2,478,000. Rathbones Group PLC raised its position in Banco Bilbao Viscaya Argentaria by 4.6% during the 2nd quarter. Rathbones Group PLC now owns 70,175 shares of the bank’s stock valued at $1,079,000 after purchasing an additional 3,066 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Banco Bilbao Viscaya Argentaria by 612.4% in the 2nd quarter. Osaic Holdings Inc. now owns 515,444 shares of the bank’s stock worth $7,922,000 after buying an additional 443,092 shares during the period. Finally, Beck Bode LLC bought a new position in shares of Banco Bilbao Viscaya Argentaria during the 2nd quarter worth $1,342,000. Institutional investors own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Trading Down 1.8%

NYSE:BBVA opened at $24.11 on Thursday. The firm has a 50 day moving average of $23.82 and a 200 day moving average of $20.85. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.32. Banco Bilbao Viscaya Argentaria S.A. has a 52 week low of $11.59 and a 52 week high of $26.20. The stock has a market capitalization of $138.92 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 0.85 and a beta of 0.80.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings results on Thursday, February 5th. The bank reported $0.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.50. Banco Bilbao Viscaya Argentaria had a return on equity of 17.29% and a net margin of 28.43%. As a group, sell-side analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Morgan Stanley began coverage on Banco Bilbao Viscaya Argentaria in a report on Tuesday, October 21st. They issued an “equal weight” rating for the company. Wall Street Zen lowered shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, December 29th. Zacks Research raised shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada downgraded shares of Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria 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.