Natural Investments LLC purchased a new position in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,081 shares of the bank’s stock, valued at approximately $154,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in BBVA. Wealth Enhancement Advisory Services LLC lifted its stake in Banco Bilbao Viscaya Argentaria by 20.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 33,545 shares of the bank’s stock valued at $326,000 after purchasing an additional 5,735 shares during the last quarter. Merit Financial Group LLC bought a new position in Banco Bilbao Viscaya Argentaria in the 1st quarter valued at approximately $196,000. GAMMA Investing LLC lifted its stake in Banco Bilbao Viscaya Argentaria by 48.5% in the 1st quarter. GAMMA Investing LLC now owns 16,135 shares of the bank’s stock valued at $220,000 after purchasing an additional 5,269 shares during the last quarter. Simon Quick Advisors LLC bought a new position in Banco Bilbao Viscaya Argentaria in the 1st quarter valued at approximately $199,000. Finally, Elevation Point Wealth Partners LLC bought a new position in Banco Bilbao Viscaya Argentaria in the 1st quarter valued at approximately $209,000. Institutional investors own 2.96% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently commented on BBVA shares. Barclays raised shares of Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a research note on Thursday, August 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Wednesday. Finally, Wall Street Zen raised shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Banco Bilbao Viscaya Argentaria has a consensus rating of “Buy”.
Banco Bilbao Viscaya Argentaria Price Performance
BBVA stock opened at $18.07 on Friday. The company has a fifty day moving average price of $18.68 and a 200-day moving average price of $16.02. The company has a market capitalization of $105.46 billion, a P/E ratio of 9.51, a PEG ratio of 0.95 and a beta of 1.19. Banco Bilbao Viscaya Argentaria S.A. has a 52-week low of $9.23 and a 52-week high of $19.42. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current ratio of 1.01.
Banco Bilbao Viscaya Argentaria (NYSE:BBVA – Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The bank reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.05. The firm had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.24 billion. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. As a group, equities analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current year.
Banco Bilbao Viscaya Argentaria Announces Dividend
The company also recently announced a dividend, which will be paid on Monday, November 24th. Investors of record on Thursday, November 6th will be paid a dividend of $0.3736 per share. This represents a yield of 395.0%. The ex-dividend date of this dividend is Thursday, November 6th. Banco Bilbao Viscaya Argentaria’s dividend payout ratio (DPR) is currently 38.95%.
About Banco Bilbao Viscaya Argentaria
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.
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