Clearbridge Investments LLC Sells 19,555 Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Clearbridge Investments LLC lowered its stake in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 1.7% during the first quarter, Holdings Channel reports. The fund owned 1,135,185 shares of the bank’s stock after selling 19,555 shares during the period. Clearbridge Investments LLC’s holdings in Banco Bilbao Vizcaya Argentaria were worth $13,441,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. bought a new position in shares of Banco Bilbao Vizcaya Argentaria in the 4th quarter valued at about $28,000. Spire Wealth Management raised its position in shares of Banco Bilbao Vizcaya Argentaria by 237.7% in the 4th quarter. Spire Wealth Management now owns 4,120 shares of the bank’s stock valued at $36,000 after acquiring an additional 2,900 shares during the period. Russell Investments Group Ltd. raised its position in shares of Banco Bilbao Vizcaya Argentaria by 139.8% in 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. GAMMA Investing LLC acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria in the 4th quarter valued at approximately $44,000. Finally, Financial Management Professionals Inc. raised its position in shares of Banco Bilbao Vizcaya Argentaria by 295.3% in 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. Institutional investors own 2.96% of the company’s stock.

Banco Bilbao Vizcaya Argentaria Stock Performance

BBVA stock traded down $0.23 during mid-day trading on Wednesday, hitting $10.88. 1,086,838 shares of the company were exchanged, compared to its average volume of 1,480,480. The firm has a market cap of $63.52 billion, a P/E ratio of 7.40, a P/E/G ratio of 1.11 and a beta of 1.32. The firm’s 50 day simple moving average is $10.45 and its 200 day simple moving average is $10.42. Banco Bilbao Vizcaya Argentaria, S.A. has a 1-year low of $7.41 and a 1-year high of $12.20.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last announced its earnings results on Monday, April 29th. The bank reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. The firm had revenue of $8.92 billion for the quarter. Banco Bilbao Vizcaya Argentaria had a net margin of 26.90% and a return on equity of 15.34%. On average, equities research analysts predict that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.65 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, BNP Paribas downgraded shares of Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a research report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Banco Bilbao Vizcaya Argentaria has an average rating of “Hold”.

Banco Bilbao Vizcaya Argentaria 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.