Lake Street Advisors Group LLC lifted its holdings in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA – Free Report) by 5.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,800 shares of the bank’s stock after acquiring an additional 3,845 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Banco Bilbao Vizcaya Argentaria were worth $528,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in BBVA. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Banco Bilbao Vizcaya Argentaria in the second quarter valued at $25,000. Tucker Asset Management LLC bought a new stake in shares of Banco Bilbao Vizcaya Argentaria during the 1st quarter worth about $27,000. Brown Brothers Harriman & Co. grew its stake in Banco Bilbao Vizcaya Argentaria by 124.8% in the 1st quarter. Brown Brothers Harriman & Co. now owns 6,859 shares of the bank’s stock valued at $39,000 after buying an additional 3,808 shares during the last quarter. CWM LLC raised its holdings in Banco Bilbao Vizcaya Argentaria by 24.4% in the 2nd quarter. CWM LLC now owns 8,357 shares of the bank’s stock valued at $64,000 after acquiring an additional 1,641 shares during the period. Finally, Legacy Financial Advisors Inc. acquired a new stake in Banco Bilbao Vizcaya Argentaria during the first quarter worth approximately $72,000. 2.83% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on BBVA. StockNews.com assumed coverage on Banco Bilbao Vizcaya Argentaria in a research note on Thursday, October 5th. They set a “buy” rating on the stock. Barclays upgraded Banco Bilbao Vizcaya Argentaria from an “equal weight” rating to an “overweight” rating in a research report on Thursday, October 19th. Finally, Morgan Stanley cut shares of Banco Bilbao Vizcaya Argentaria from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, September 5th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.
Banco Bilbao Vizcaya Argentaria Price Performance
Shares of BBVA stock traded up $0.14 during trading on Friday, hitting $9.01. The company had a trading volume of 1,885,729 shares, compared to its average volume of 1,390,970. The stock’s 50-day moving average price is $8.06 and its 200 day moving average price is $7.67. Banco Bilbao Vizcaya Argentaria, S.A. has a one year low of $5.55 and a one year high of $9.02. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $53.75 billion, a P/E ratio of 7.05, a price-to-earnings-growth ratio of 0.45 and a beta of 1.28.
Banco Bilbao Vizcaya Argentaria (NYSE:BBVA – Get Free Report) last released its earnings results on Wednesday, November 1st. The bank reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Banco Bilbao Vizcaya Argentaria had a return on equity of 14.46% and a net margin of 26.36%. The company had revenue of $8.66 billion for the quarter. During the same period last year, the company posted $0.29 earnings per share. Equities analysts expect that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.35 EPS for the current fiscal year.
Banco Bilbao Vizcaya Argentaria Cuts Dividend
The company also recently declared a semi-annual dividend, which was paid on Thursday, October 26th. Investors of record on Tuesday, October 10th were given a dividend of $0.1685 per share. The ex-dividend date was Friday, October 6th. This represents a dividend yield of 5.1%. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is 21.09%.
About Banco Bilbao Vizcaya Argentaria
Banco Bilbao Vizcaya Argentaria, SA, together with its subsidiaries, provides retail banking, wholesale banking, and asset management services. It offers current accounts; and demand, savings, overnight, time, term, and subordinated deposits. The company also provides loan products; deals in securities; leasing, factoring, brokerage, and asset management services; and manages pension and investment funds.
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