Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) Position Raised by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVAGet Rating) by 41.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 87,344 shares of the bank’s stock after buying an additional 25,516 shares during the quarter. Advisors Asset Management Inc.’s holdings in Banco Bilbao Vizcaya Argentaria were worth $395,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BBVA. Tcwp LLC bought a new stake in shares of Banco Bilbao Vizcaya Argentaria during the first quarter valued at about $35,000. Brown Brothers Harriman & Co. raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 124.8% during the first quarter. Brown Brothers Harriman & Co. now owns 6,859 shares of the bank’s stock valued at $39,000 after purchasing an additional 3,808 shares in the last quarter. Fieldpoint Private Securities LLC raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 142.8% during the second quarter. Fieldpoint Private Securities LLC now owns 9,971 shares of the bank’s stock valued at $45,000 after purchasing an additional 5,864 shares in the last quarter. Csenge Advisory Group acquired a new position in Banco Bilbao Vizcaya Argentaria during the first quarter worth about $57,000. Finally, JJJ Advisors Inc. grew its holdings in Banco Bilbao Vizcaya Argentaria by 47.4% during the first quarter. JJJ Advisors Inc. now owns 9,938 shares of the bank’s stock worth $57,000 after acquiring an additional 3,197 shares during the period. 2.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BBVA has been the topic of a number of research analyst reports. Berenberg Bank lifted their target price on Banco Bilbao Vizcaya Argentaria from €5.30 ($5.46) to €5.80 ($5.98) in a report on Tuesday, November 1st. JPMorgan Chase & Co. lifted their target price on Banco Bilbao Vizcaya Argentaria from €6.70 ($6.91) to €6.90 ($7.11) in a report on Monday, November 7th. Royal Bank of Canada lifted their target price on Banco Bilbao Vizcaya Argentaria from €6.20 ($6.39) to €6.50 ($6.70) in a report on Friday, October 14th. Deutsche Bank Aktiengesellschaft lifted their target price on Banco Bilbao Vizcaya Argentaria from €6.70 ($6.91) to €7.00 ($7.22) in a report on Tuesday, November 1st. Finally, Credit Suisse Group lifted their price target on Banco Bilbao Vizcaya Argentaria from €5.20 ($5.36) to €5.50 ($5.67) and gave the stock a “neutral” rating in a research note on Monday, October 31st. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Banco Bilbao Vizcaya Argentaria currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.48.

Banco Bilbao Vizcaya Argentaria Trading Up 1.3 %

Shares of NYSE BBVA opened at $5.61 on Friday. Banco Bilbao Vizcaya Argentaria, S.A. has a one year low of $3.93 and a one year high of $6.97. The firm has a market capitalization of $35.83 billion, a PE ratio of 5.34 and a beta of 1.31. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.10. The business has a 50-day moving average price of $4.95 and a two-hundred day moving average price of $4.77.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVAGet Rating) last announced its quarterly earnings data on Friday, October 28th. The bank reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. Banco Bilbao Vizcaya Argentaria had a return on equity of 13.66% and a net margin of 26.64%. The firm had revenue of $6.91 billion during the quarter, compared to analyst estimates of $6.06 billion. As a group, analysts predict that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.04 earnings per share for the current fiscal year.

Banco Bilbao Vizcaya Argentaria Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, October 26th. Shareholders of record on Tuesday, October 11th were given a dividend of $0.1168 per share. The ex-dividend date of this dividend was Friday, October 7th. This represents a yield of 6.7%. Banco Bilbao Vizcaya Argentaria’s payout ratio is presently 18.10%.

Banco Bilbao Vizcaya Argentaria Profile

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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; and manages pension and investment funds.

See Also

Institutional Ownership by Quarter for Banco Bilbao Vizcaya Argentaria (NYSE:BBVA)

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