Natixis Advisors LLC Trims Holdings in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Natixis Advisors LLC reduced its stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 32.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 721,341 shares of the bank’s stock after selling 354,339 shares during the period. Natixis Advisors LLC’s holdings in Banco Bilbao Viscaya Argentaria were worth $16,814,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BBVA. Bank of America Corp DE grew its holdings in Banco Bilbao Viscaya Argentaria by 28.0% during the 2nd quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock valued at $142,760,000 after buying an additional 2,034,318 shares in the last quarter. American Century Companies Inc. grew its holdings in Banco Bilbao Viscaya Argentaria by 23.4% during the 3rd quarter. American Century Companies Inc. now owns 3,248,176 shares of the bank’s stock valued at $62,527,000 after buying an additional 615,985 shares in the last quarter. Millennium Management LLC grew its holdings in Banco Bilbao Viscaya Argentaria by 373.4% during the 3rd quarter. Millennium Management LLC now owns 768,243 shares of the bank’s stock valued at $14,789,000 after buying an additional 605,947 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Banco Bilbao Viscaya Argentaria by 53.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,089,572 shares of the bank’s stock valued at $20,974,000 after buying an additional 378,554 shares in the last quarter. Finally, Norges Bank purchased a new stake in Banco Bilbao Viscaya Argentaria during the 4th quarter valued at approximately $7,692,000. 2.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Banco Bilbao Viscaya Argentaria Stock Down 2.7%

Shares of BBVA opened at $22.22 on Friday. The company has a market cap of $126.82 billion, a PE ratio of 10.58, a P/E/G ratio of 0.60 and a beta of 0.81. The business has a fifty day moving average of $22.33 and a 200 day moving average of $22.69. Banco Bilbao Viscaya Argentaria S.A. has a 52-week low of $14.63 and a 52-week high of $26.20.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings results on Tuesday, March 31st. The bank reported $0.59 earnings per share (EPS) for the quarter. The company 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%. As a group, research analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 2.26 earnings per share for the current fiscal year.

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.