Stonegate Investment Group LLC Sells 122,400 Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Stonegate Investment Group LLC cut its holdings in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 42.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 166,517 shares of the bank’s stock after selling 122,400 shares during the period. Stonegate Investment Group LLC’s holdings in Banco Bilbao Vizcaya Argentaria were worth $1,972,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in BBVA. Benjamin F. Edwards & Company Inc. purchased a new stake in Banco Bilbao Vizcaya Argentaria during the fourth quarter valued at approximately $28,000. Spire Wealth Management increased its position in shares of Banco Bilbao Vizcaya Argentaria by 237.7% during the 4th quarter. Spire Wealth Management now owns 4,120 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,900 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Banco Bilbao Vizcaya Argentaria by 139.8% during the 4th quarter. Russell Investments Group Ltd. now owns 3,906 shares of the bank’s stock valued at $36,000 after buying an additional 2,277 shares during the period. GAMMA Investing LLC bought a new stake in Banco Bilbao Vizcaya Argentaria in the fourth quarter worth $44,000. Finally, Financial Management Professionals Inc. lifted its position in Banco Bilbao Vizcaya Argentaria by 295.3% in the first quarter. Financial Management Professionals Inc. now owns 4,076 shares of the bank’s stock worth $48,000 after buying an additional 3,045 shares during the last quarter. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

Banco Bilbao Vizcaya Argentaria Trading Down 8.8 %

NYSE BBVA traded down $1.04 during trading on Tuesday, hitting $10.72. The stock had a trading volume of 2,837,526 shares, compared to its average volume of 1,558,111. Banco Bilbao Vizcaya Argentaria, S.A. has a one year low of $6.47 and a one year high of $12.20. The stock has a 50 day simple moving average of $11.06 and a 200 day simple moving average of $9.69. The stock has a market capitalization of $63.92 billion, a price-to-earnings ratio of 7.71, a P/E/G ratio of 0.59 and a beta of 1.33. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.03.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its earnings results on Monday, January 29th. The bank reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The business had revenue of $8.01 billion for the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 14.85% and a net margin of 27.15%. Sell-side analysts predict that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.53 earnings per share for the current year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, April 25th. Investors of record on Tuesday, April 9th were paid a $0.1695 dividend. This represents a yield of 4.3%. The ex-dividend date of this dividend was Monday, April 8th. This is an increase from Banco Bilbao Vizcaya Argentaria’s previous semi-annual dividend of $0.17. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio (DPR) is currently 48.92%.

Wall Street Analyst Weigh In

Separately, Barclays downgraded shares of Banco Bilbao Vizcaya Argentaria from an “overweight” rating to an “equal weight” rating in a research note on Monday, March 25th.

Banco Bilbao Vizcaya Argentaria Company 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.