Capital Wealth Planning LLC Reduces Holdings in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Capital Wealth Planning LLC trimmed its stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 26.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 317,588 shares of the bank’s stock after selling 115,032 shares during the period. Capital Wealth Planning LLC’s holdings in Banco Bilbao Vizcaya Argentaria were worth $3,185,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Russell Investments Group Ltd. lifted its position in Banco Bilbao Vizcaya Argentaria by 139.8% during the 4th quarter. Russell Investments Group Ltd. now owns 3,906 shares of the bank’s stock valued at $36,000 after acquiring an additional 2,277 shares during the period. Rothschild Investment LLC purchased a new position in Banco Bilbao Vizcaya Argentaria during the 2nd quarter valued at about $40,000. Financial Management Professionals Inc. lifted its position in Banco Bilbao Vizcaya Argentaria by 295.3% during the 1st quarter. Financial Management Professionals Inc. now owns 4,076 shares of the bank’s stock valued at $48,000 after acquiring an additional 3,045 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Banco Bilbao Vizcaya Argentaria in the second quarter worth about $43,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in Banco Bilbao Vizcaya Argentaria by 567.5% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 4,646 shares of the bank’s stock worth $55,000 after buying an additional 3,950 shares during the last quarter. 2.96% of the stock is owned by hedge funds and other institutional investors.

Banco Bilbao Vizcaya Argentaria Stock Performance

BBVA stock opened at $10.30 on Monday. Banco Bilbao Vizcaya Argentaria, S.A. has a one year low of $7.59 and a one year high of $12.20. The company’s fifty day moving average price is $10.33 and its 200-day moving average price is $10.63. The company has a market capitalization of $60.13 billion, a PE ratio of 7.01, a price-to-earnings-growth ratio of 0.97 and a beta of 1.30.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its quarterly earnings results on Thursday, August 1st. The bank reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $9.93 billion for the quarter. Banco Bilbao Vizcaya Argentaria had a net margin of 27.55% and a return on equity of 16.40%. During the same period in the previous year, the company earned $0.36 EPS. On average, research analysts predict that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BBVA shares. Citigroup raised shares of Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a report on Friday, August 9th. Royal Bank of Canada upgraded shares of Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research note on Wednesday, July 31st. Finally, BNP Paribas lowered shares of Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a research note on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria, SA provides retail banking, wholesale banking, and asset management services in the United States, Spain, Mexico, Turkey, South America, and internationally. The company offers savings account, demand deposits, and time deposits; and loan products, such as residential mortgages, other households, credit card loans, loans to enterprises and public sector, as well as consumer finance.