Marks Group Wealth Management Inc Sells 52,658 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

Marks Group Wealth Management Inc decreased its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 75.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,819 shares of the bank’s stock after selling 52,658 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Banco Bilbao Viscaya Argentaria were worth $324,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE grew 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 buying an additional 2,034,318 shares during the period. JPMorgan Chase & Co. lifted its position in Banco Bilbao Viscaya Argentaria by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,846,150 shares of the bank’s stock valued at $93,288,000 after acquiring an additional 297,752 shares during the period. Envestnet Asset Management Inc. boosted its stake in Banco Bilbao Viscaya Argentaria by 17.1% during the second quarter. Envestnet Asset Management Inc. now owns 4,375,294 shares of the bank’s stock worth $67,247,000 after acquiring an additional 637,519 shares in the last quarter. American Century Companies Inc. grew its holdings in Banco Bilbao Viscaya Argentaria by 11.3% in the second quarter. American Century Companies Inc. now owns 2,632,191 shares of the bank’s stock worth $40,457,000 after purchasing an additional 267,740 shares during the period. Finally, Raymond James Financial Inc. increased its stake in shares of Banco Bilbao Viscaya Argentaria by 36.8% during the second quarter. Raymond James Financial Inc. now owns 1,212,776 shares of the bank’s stock valued at $18,640,000 after purchasing an additional 326,367 shares in the last quarter. Hedge funds and other institutional investors own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of NYSE BBVA opened at $23.69 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.32. The firm’s 50-day moving average price is $23.97 and its 200-day moving average price is $21.25. Banco Bilbao Viscaya Argentaria S.A. has a 52-week low of $11.59 and a 52-week high of $26.20. The company has a market cap of $136.54 billion, a PE ratio of 12.03, a PEG ratio of 0.59 and a beta of 0.80.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings data on Thursday, February 5th. The bank reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. Banco Bilbao Viscaya Argentaria had a net margin of 28.43% and a return on equity of 17.29%. The company had revenue of $11.49 billion for the quarter, compared to the consensus estimate of $10.74 billion. As a group, analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on BBVA shares. Royal Bank Of Canada downgraded Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 28th. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Monday, December 29th. Wall Street Zen raised Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Zacks Research raised Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Banco Bilbao Viscaya Argentaria currently has a consensus 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.