Blue Trust Inc. Decreases Stock Holdings in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Blue Trust Inc. reduced its stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 29.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,392 shares of the bank’s stock after selling 8,839 shares during the quarter. Blue Trust Inc.’s holdings in Banco Bilbao Viscaya Argentaria were worth $329,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in shares of Banco Bilbao Viscaya Argentaria by 10.2% during the first quarter. Goldman Sachs Group Inc. now owns 10,941,273 shares of the bank’s stock valued at $149,020,000 after buying an additional 1,014,305 shares during the last quarter. Clark Capital Management Group Inc. lifted its position in Banco Bilbao Viscaya Argentaria by 6.6% during the first quarter. Clark Capital Management Group Inc. now owns 5,578,381 shares of the bank’s stock valued at $75,978,000 after acquiring an additional 347,564 shares during the last quarter. American Century Companies Inc. lifted its position in Banco Bilbao Viscaya Argentaria by 6.2% during the first quarter. American Century Companies Inc. now owns 2,364,451 shares of the bank’s stock valued at $32,204,000 after acquiring an additional 137,602 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in Banco Bilbao Viscaya Argentaria by 5.8% during the first quarter. Crossmark Global Holdings Inc. now owns 1,296,544 shares of the bank’s stock valued at $17,659,000 after acquiring an additional 71,217 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its position in Banco Bilbao Viscaya Argentaria by 13.1% during the second quarter. QRG Capital Management Inc. now owns 988,459 shares of the bank’s stock valued at $15,193,000 after acquiring an additional 114,756 shares during the last quarter. 2.96% of the stock is owned by hedge funds and other institutional investors.

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of BBVA stock opened at $18.35 on Tuesday. The firm has a market capitalization of $107.11 billion, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 0.95 and a beta of 1.19. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01. The business has a fifty day moving average of $18.70 and a 200 day moving average of $16.06. Banco Bilbao Viscaya Argentaria S.A. has a 1 year low of $9.23 and a 1 year high of $19.42.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its quarterly earnings data on Thursday, July 31st. The bank reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.05. Banco Bilbao Viscaya Argentaria had a return on equity of 17.61% and a net margin of 29.17%.The firm had revenue of $10.30 billion during the quarter, compared to analysts’ expectations of $10.24 billion. As a group, research analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 6th will be given a dividend of $0.3736 per share. The ex-dividend date of this dividend is Thursday, November 6th. This represents a yield of 395.0%. Banco Bilbao Viscaya Argentaria’s dividend payout ratio (DPR) is currently 38.95%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Barclays upgraded Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a report on Thursday, August 7th. Wall Street Zen upgraded Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Banco Bilbao Viscaya Argentaria 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.