Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Agrees to Sell Stake in Pension Fund; $530 Million Pact – BBVA, CIM, XLB, TZA, SPY, EEM, XLF, SAN, BCS

Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA) reported on Monday that it has decided to sell its stake in a pension fund management company in Colombia for $530 million.

The Spanish financial services company Sociedad Administradora de Fondos de Pensiones y Cesantías Porvenir will acquire the stake that BBVA possesses directly or indirectly in the Colombian company BBVA Horizonte Sociedad Administradora de Fondos de Pensiones y Cesantías S.A.

Banco Bilbao Vizcaya Argentaria reported that the total price shall be adjusted in view of its net income from January 1, 2013, until the ending date.

Its competitors include Banco Santander, S.A. (ADR) (NYSE:SAN) that slipped -0.50% to $7.98 with the total traded volume of 460,952.00 shares and Barclays PLC (ADR) (NYSE:BCS) that dropped -0.35% to $17.01 with the total traded volume of 319,652.00 shares.

Other Financials stocks with bullish trend include Chimera Investment Corporation (NYSE:CIM) up +1.14% to $2.67, Materials Select Sector SPDR (NYSEARCA:XLB) up +0.16% to $37.06 and Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) up +1.32% to $13.80, whereas with bearish trend include SPDR S&P 500 ETF Trust (NYSEARCA:SPY) down -0.36% to $142.27, iShares MSCI Emerging Markets Indx (ETF) (NYSEARCA:EEM) down -0.47% to $43.10 and Financial Select Sector SPDR (ETF) (NYSEARCA:XLF) down -0.12% to $16.38.

Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA) stock in current session held volume of 179,184.00 shares as compare to its average volume of 810,556.00 shares. The stock after opening at $9.29 hit high price of $9.46 and then trading at $9.22 by scoring -0.86%.

As the revenue measures BBVA generated revenue of 19.42 billion in the following twelve months income of $2.92 billion. The Company showed a positive 14.27% in the net profit margin and in addition to in its operating margin which remained 14.26%. Company’s annual sales growth for the past five year was 4.79%.

The stock showed weekly upbeat performance of +4.73% which was maintained for the month at +14.81%. Likewise the positive performance for the quarter was recorded as +16.40% and for the year was +18.02% while the YTD performance remained at +16.69%.

The BBVA past twelve months price to sales ratio was 2.61 and price to cash ratio remained 0.10. As far as the returns are concern, the BBVA return on equity was recorded as 5.74% while its return on asset stayed at 0.46%.

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