World Asset Management Inc Sells 4,296 Shares of Banco Bilbao Vizcaya Argentaria SA (NYSE:BBVA)

World Asset Management Inc reduced its stake in Banco Bilbao Vizcaya Argentaria SA (NYSE:BBVA) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,772 shares of the bank’s stock after selling 4,296 shares during the quarter. World Asset Management Inc’s holdings in Banco Bilbao Vizcaya Argentaria were worth $521,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Evolution Wealth Advisors LLC bought a new position in Banco Bilbao Vizcaya Argentaria in the 2nd quarter valued at about $25,000. Cornerstone Advisors Inc. raised its holdings in Banco Bilbao Vizcaya Argentaria by 173.7% in the 1st quarter. Cornerstone Advisors Inc. now owns 4,609 shares of the bank’s stock valued at $26,000 after acquiring an additional 2,925 shares during the period. Parallel Advisors LLC raised its holdings in Banco Bilbao Vizcaya Argentaria by 259.3% in the 1st quarter. Parallel Advisors LLC now owns 8,121 shares of the bank’s stock valued at $47,000 after acquiring an additional 5,861 shares during the period. Boston Private Wealth LLC bought a new position in Banco Bilbao Vizcaya Argentaria in the 2nd quarter valued at about $57,000. Finally, South Texas Money Management Ltd. bought a new position in Banco Bilbao Vizcaya Argentaria in the 1st quarter valued at about $58,000. 2.86% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have weighed in on BBVA shares. Credit Suisse Group cut shares of Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a report on Wednesday, June 12th. Societe Generale cut shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “sell” rating in a report on Wednesday, June 26th. ValuEngine raised shares of Banco Bilbao Vizcaya Argentaria from a “strong sell” rating to a “sell” rating in a report on Thursday. Finally, Zacks Investment Research raised shares of Banco Bilbao Vizcaya Argentaria from a “sell” rating to a “hold” rating in a report on Thursday, July 25th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $6.75.

Shares of NYSE:BBVA traded up $0.04 on Friday, reaching $5.02. 5,565,930 shares of the company’s stock were exchanged, compared to its average volume of 3,239,619. The company’s fifty day moving average price is $5.47. Banco Bilbao Vizcaya Argentaria SA has a twelve month low of $4.96 and a twelve month high of $7.04. The firm has a market cap of $33.21 billion, a P/E ratio of 5.70, a price-to-earnings-growth ratio of 3.05 and a beta of 0.98.

Banco Bilbao Vizcaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria, SA, together with its subsidiaries, provides retail and wholesale banking, asset management, and private banking services. The company accepts various deposits, such as current and savings accounts, term deposits, subordinated deposits, and other accounts. It also offers loan products; and foreclosed real-estate assets from residential mortgages and developers, as well as lending to developers.

Further Reading: Quick Ratio

Institutional Ownership by Quarter for Banco Bilbao Vizcaya Argentaria (NYSE:BBVA)

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