Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA – Get Free Report) have been assigned an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company.

BBVA has been the topic of several research reports. The Goldman Sachs Group reiterated a “buy” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Wednesday, August 5th. Royal Bank Of Canada restated a “sector perform” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft cut Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. Barclays reaffirmed a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Tuesday, July 14th. Finally, Weiss Ratings upgraded Banco Bilbao Viscaya Argentaria from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday.

Get Our Latest Report on Banco Bilbao Viscaya Argentaria

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

Hedge funds and other institutional investors have recently modified their holdings of the business. Riversedge Advisors LLC increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 8.8% in the third quarter. Riversedge Advisors LLC now owns 16,308 shares of the bank’s stock worth $455,000 after buying an additional 1,324 shares during the period. Wedmont Private Capital boosted its holdings in Banco Bilbao Viscaya Argentaria by 20.2% during the 3rd quarter. Wedmont Private Capital now owns 19,536 shares of the bank’s stock valued at $511,000 after acquiring an additional 3,278 shares during the period. Legacy Wealth Asset Management LLC grew its position in Banco Bilbao Viscaya Argentaria by 112.1% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 71,069 shares of the bank’s stock worth $1,981,000 after acquiring an additional 37,567 shares during the last quarter. GAMMA Investing LLC grew its position in Banco Bilbao Viscaya Argentaria by 11.4% during the 3rd quarter. GAMMA Investing LLC now owns 35,975 shares of the bank’s stock worth $1,003,000 after acquiring an additional 3,686 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Banco Bilbao Viscaya Argentaria by 3.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 84,079 shares of the bank’s stock worth $2,343,000 after purchasing an additional 2,967 shares during the period. Institutional investors own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of BBVA stock opened at $26.19 on Tuesday. Banco Bilbao Viscaya Argentaria has a 12 month low of $17.90 and a 12 month high of $29.64. The company’s fifty day simple moving average is $28.40 and its 200-day simple moving average is $25.27. The firm has a market cap of $146.18 billion, a PE ratio of 11.91, a P/E/G ratio of 0.69 and a beta of 0.82. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.77.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA – Get Free Report) last released its earnings results on Tuesday, June 30th. The bank reported $0.62 earnings per share (EPS) for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 18.05% and a net margin of 27.75%. The business had revenue of $11.99 billion for the quarter. Equities research analysts expect that Banco Bilbao Viscaya Argentaria will post 2.42 EPS for the current fiscal year.

Banco Bilbao Viscaya Argentaria Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be issued a $0.4168 dividend. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a yield of 309.0%. Banco Bilbao Viscaya Argentaria’s payout ratio is currently 51.82%.

Banco Bilbao Viscaya Argentaria Company Profile

(Get Free Report)

Banco Bilbao Vizcaya Argentaria, SA (NYSE: BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank provides retail and commercial banking, corporate and investment banking, wealth management, asset management, payments and insurance services to individuals, businesses, institutions and public-sector clients.

BBVA traces its origins to Banco de Bilbao, founded in 1857. The modern group was formed through the merger of Banco Bilbao Vizcaya and Argentaria in 1999.

Further Reading

Analyst Recommendations for Banco Bilbao Viscaya Argentaria (NYSE:BBVA)

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