Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Stock Gets Downgrade from Zacks Research

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday, Zacks reports.

A number of other equities analysts have also weighed in on BBVA. Deutsche Bank Aktiengesellschaft lowered shares of Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a research report on Wednesday, August 5th. UBS Group restated a “neutral” rating on shares of Banco Bilbao Vizcaya Argentaria in a research report on Thursday, August 20th. Bank of America cut shares of Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 15th. Weiss Ratings downgraded shares of Banco Bilbao Vizcaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Banco Bilbao Vizcaya Argentaria in a research note on Thursday, September 17th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Banco Bilbao Vizcaya Argentaria Price Performance

BBVA stock opened at $25.23 on Monday. Banco Bilbao Vizcaya Argentaria has a twelve month low of $19.82 and a twelve month high of $29.64. The business has a 50 day simple moving average of $27.75 and a 200-day simple moving average of $24.79.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last announced its earnings results on Tuesday, June 30th. The bank reported $0.62 EPS for the quarter. The business had revenue of $11.99 billion during the quarter. On average, equities analysts anticipate that Banco Bilbao Vizcaya Argentaria will post 2.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Banco Bilbao Vizcaya Argentaria

Several institutional investors have recently made changes to their positions in BBVA. Bank of America Corp DE grew its stake in shares of Banco Bilbao Vizcaya Argentaria by 4.9% during the 1st quarter. Bank of America Corp DE now owns 7,488,811 shares of the bank’s stock worth $162,208,000 after purchasing an additional 352,011 shares during the period. Quantinno Capital Management LP increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 23.3% in the 1st quarter. Quantinno Capital Management LP now owns 1,223,071 shares of the bank’s stock valued at $26,492,000 after purchasing an additional 231,330 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria in the first quarter valued at about $4,471,000. Boston Common Asset Management LLC acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria in the first quarter valued at about $3,440,000. Finally, Bank of New York Mellon Corp boosted its holdings in Banco Bilbao Vizcaya Argentaria by 9.1% during the first quarter. Bank of New York Mellon Corp now owns 919,176 shares of the bank’s stock worth $19,909,000 after buying an additional 76,694 shares in the last quarter. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

About Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria, SA (NYSE: BBVA) is a global financial services group headquartered in Bilbao, Spain. The bank traces its origins to Banco de Bilbao, founded in 1857, and adopted the BBVA name in 1999 following the merger of Banco Bilbao Vizcaya and Argentaria.

BBVA provides retail and commercial banking services, including checking and savings accounts, consumer and mortgage lending, credit cards, payments, and digital banking. It also serves businesses and institutions through corporate and investment banking, transaction banking, capital markets, and advisory services.