IPG Investment Advisors LLC lowered its stake in Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) by 40.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,194 shares of the bank’s stock after selling 79,458 shares during the period. IPG Investment Advisors LLC’s holdings in Banco Bilbao Vizcaya Argentaria SA were worth $996,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in BBVA. Boyd Watterson Asset Management LLC OH raised its position in Banco Bilbao Vizcaya Argentaria SA by 0.4% in the second quarter. Boyd Watterson Asset Management LLC OH now owns 19,030 shares of the bank’s stock worth $159,000 after buying an additional 67 shares in the last quarter. Cypress Wealth Advisors LLC raised its position in Banco Bilbao Vizcaya Argentaria SA by 0.4% in the first quarter. Cypress Wealth Advisors LLC now owns 39,579 shares of the bank’s stock worth $301,000 after buying an additional 152 shares in the last quarter. Chickasaw Capital Management LLC raised its position in Banco Bilbao Vizcaya Argentaria SA by 0.3% in the first quarter. Chickasaw Capital Management LLC now owns 109,135 shares of the bank’s stock worth $831,000 after buying an additional 311 shares in the last quarter. Cadence Bank NA raised its position in Banco Bilbao Vizcaya Argentaria SA by 1.0% in the second quarter. Cadence Bank NA now owns 36,443 shares of the bank’s stock worth $305,000 after buying an additional 370 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in Banco Bilbao Vizcaya Argentaria SA by 1.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 42,936 shares of the bank’s stock worth $327,000 after buying an additional 421 shares in the last quarter.
Shares of Banco Bilbao Vizcaya Argentaria SA (BBVA) opened at 9.10 on Thursday. The firm has a market capitalization of $60.61 billion and a P/E ratio of 13.62. Banco Bilbao Vizcaya Argentaria SA has a 52-week low of $5.72 and a 52-week high of $9.35. The stock’s 50 day moving average is $8.75 and its 200-day moving average is $7.85.
Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) last issued its earnings results on Friday, July 28th. The bank reported $0.18 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.18. The firm had revenue of $6.96 billion during the quarter. Banco Bilbao Vizcaya Argentaria SA had a net margin of 18.03% and a return on equity of 10.08%. On average, equities analysts forecast that Banco Bilbao Vizcaya Argentaria SA will post $0.61 earnings per share for the current fiscal year.
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A number of research firms recently issued reports on BBVA. UBS AG raised Banco Bilbao Vizcaya Argentaria SA from a “sell” rating to a “neutral” rating in a report on Thursday, May 4th. Zacks Investment Research raised Banco Bilbao Vizcaya Argentaria SA from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a report on Tuesday, May 16th. BidaskClub lowered Banco Bilbao Vizcaya Argentaria SA from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, ValuEngine raised Banco Bilbao Vizcaya Argentaria SA from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Banco Bilbao Vizcaya Argentaria SA currently has an average rating of “Hold” and an average price target of $9.75.
About Banco Bilbao Vizcaya Argentaria SA
Banco Bilbao Vizcaya Argentaria, SA (BBVA) is a diversified financial company engaged in retail banking, wholesale banking, asset management and private banking. Its segments include Banking Activity in Spain, Real Estate Activity in Spain, the United States Turkey, Mexico, South America and Rest of Eurasia.
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