Clearbridge Investments LLC Sells 29,761 Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Clearbridge Investments LLC lowered its position in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVAGet Rating) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,498,152 shares of the bank’s stock after selling 29,761 shares during the period. Clearbridge Investments LLC’s holdings in Banco Bilbao Vizcaya Argentaria were worth $6,772,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Tcwp LLC bought a new position in Banco Bilbao Vizcaya Argentaria during the 1st quarter worth about $35,000. Brown Brothers Harriman & Co. increased its holdings in Banco Bilbao Vizcaya Argentaria by 124.8% during the 1st quarter. Brown Brothers Harriman & Co. now owns 6,859 shares of the bank’s stock worth $39,000 after purchasing an additional 3,808 shares in the last quarter. Fieldpoint Private Securities LLC increased its holdings in Banco Bilbao Vizcaya Argentaria by 142.8% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 9,971 shares of the bank’s stock worth $45,000 after purchasing an additional 5,864 shares in the last quarter. JJJ Advisors Inc. increased its holdings in Banco Bilbao Vizcaya Argentaria by 47.4% during the 1st quarter. JJJ Advisors Inc. now owns 9,938 shares of the bank’s stock worth $57,000 after purchasing an additional 3,197 shares in the last quarter. Finally, Csenge Advisory Group bought a new position in Banco Bilbao Vizcaya Argentaria during the 1st quarter worth about $57,000. Institutional investors own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BBVA shares. Royal Bank of Canada increased their target price on Banco Bilbao Vizcaya Argentaria from €6.20 ($6.33) to €6.50 ($6.63) in a report on Friday, October 14th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Banco Bilbao Vizcaya Argentaria from €6.70 ($6.84) to €7.00 ($7.14) in a research note on Tuesday, November 1st. StockNews.com downgraded shares of Banco Bilbao Vizcaya Argentaria from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 1st. Credit Suisse Group increased their price objective on shares of Banco Bilbao Vizcaya Argentaria from €5.20 ($5.31) to €5.50 ($5.61) and gave the stock a “neutral” rating in a research note on Monday, October 31st. Finally, Berenberg Bank increased their price objective on shares of Banco Bilbao Vizcaya Argentaria from €5.30 ($5.41) to €5.80 ($5.92) in a research note on Tuesday, November 1st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $6.48.

Banco Bilbao Vizcaya Argentaria Trading Up 0.2 %

Shares of NYSE:BBVA opened at $5.71 on Friday. Banco Bilbao Vizcaya Argentaria, S.A. has a 52-week low of $3.93 and a 52-week high of $6.97. The company has a market capitalization of $36.47 billion, a P/E ratio of 5.44 and a beta of 1.31. The company has a 50-day simple moving average of $5.00 and a 200 day simple moving average of $4.79. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.10 and a current ratio of 1.10.

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

Banco Bilbao Vizcaya Argentaria Cuts Dividend

The business 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 was Friday, October 7th. This represents a yield of 6.7%. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio (DPR) is presently 18.10%.

About Banco Bilbao Vizcaya Argentaria

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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.

Further Reading

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

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