PNC Financial Services Group Inc. Sells 68,088 Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) (2024)

Posted by ABMN Staff on Jun 21st, 2024

PNC Financial Services Group Inc. cut its stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA – Free Report) by 19.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 290,564 shares of the bank’s stock after selling 68,088 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Banco Bilbao Vizcaya Argentaria were worth $2,647,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. purchased a new position in Banco Bilbao Vizcaya Argentaria during the 4th quarter valued at about $28,000. Spire Wealth Management increased its holdings in Banco Bilbao Vizcaya Argentaria by 237.7% during the 4th quarter. Spire Wealth Management now owns 4,120 shares of the bank’s stock worth $36,000 after acquiring an additional 2,900 shares during the period. Russell Investments Group Ltd. lifted its stake in 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 worth $36,000 after purchasing an additional 2,277 shares in the last quarter. GAMMA Investing LLC bought a new position in Banco Bilbao Vizcaya Argentaria in the 4th quarter valued at $44,000. Finally, Principal Securities Inc. purchased a new position in shares of Banco Bilbao Vizcaya Argentaria during the 4th quarter valued at $78,000. 2.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BBVA shares. BNP Paribas lowered Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a research note on Wednesday, June 12th. Barclays lowered Banco Bilbao Vizcaya Argentaria from an “overweight” rating to an “equal weight” rating in a report on Monday, March 25th. One 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Read Our Latest Stock Analysis on BBVA

Banco Bilbao Vizcaya Argentaria Stock Performance

NYSE BBVA opened at $10.03 on Friday. Banco Bilbao Vizcaya Argentaria, S.A. has a 52-week low of $7.20 and a 52-week high of $12.20. The company has a fifty day moving average of $10.66 and a 200-day moving average of $10.20. The company has a market capitalization of $59.83 billion, a P/E ratio of 6.82, a P/E/G ratio of 0.83 and a beta of 1.31.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA – Get Free Report) last issued its quarterly earnings results on Monday, April 29th. The bank reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. The firm had revenue of $8.92 billion during the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 15.34% and a net margin of 26.90%. As a group, analysts forecast that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 EPS for the current fiscal year.