Gabelli Funds LLC Trims Stock Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Gabelli Funds LLC reduced its stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 8.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,946 shares of the bank’s stock after selling 1,232 shares during the quarter. Gabelli Funds LLC’s holdings in Banco Bilbao Viscaya Argentaria were worth $190,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Northern Trust Corp increased its position in Banco Bilbao Viscaya Argentaria by 48.6% during the 4th quarter. Northern Trust Corp now owns 7,418,877 shares of the bank’s stock valued at $72,111,000 after purchasing an additional 2,424,880 shares during the period. Bank of America Corp DE boosted its holdings in shares of Banco Bilbao Viscaya Argentaria by 13.7% during the 4th quarter. Bank of America Corp DE now owns 5,108,410 shares of the bank’s stock valued at $49,654,000 after buying an additional 613,563 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Banco Bilbao Viscaya Argentaria by 6.2% during the 1st quarter. American Century Companies Inc. now owns 2,364,451 shares of the bank’s stock valued at $32,204,000 after buying an additional 137,602 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Banco Bilbao Viscaya Argentaria by 5.8% during the 1st quarter. Crossmark Global Holdings Inc. now owns 1,296,544 shares of the bank’s stock valued at $17,659,000 after buying an additional 71,217 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Banco Bilbao Viscaya Argentaria by 514.5% during the 4th quarter. Millennium Management LLC now owns 951,350 shares of the bank’s stock valued at $9,247,000 after buying an additional 796,526 shares in the last quarter. 2.96% of the stock is owned by hedge funds and other institutional investors.

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of Banco Bilbao Viscaya Argentaria stock opened at $18.13 on Monday. The stock has a market cap of $105.81 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 1.42 and a beta of 1.20. The firm’s 50-day moving average is $16.59 and its 200 day moving average is $14.95. Banco Bilbao Viscaya Argentaria S.A. has a 1 year low of $9.23 and a 1 year high of $19.39. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its quarterly earnings results on Thursday, July 31st. The bank reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. The company had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.24 billion. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. Sell-side analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Wall Street Zen cut shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Barclays upgraded shares of Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Banco Bilbao Viscaya 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.