Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its stake in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 9.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,603 shares of the bank’s stock after selling 9,210 shares during the quarter. Pacer Advisors Inc.’s holdings in Banco Bilbao Vizcaya Argentaria were worth $859,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Rothschild Investment LLC acquired a new position in Banco Bilbao Vizcaya Argentaria in the second quarter valued at $40,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Banco Bilbao Vizcaya Argentaria in the 2nd quarter valued at about $43,000. Financial Management Professionals Inc. grew its holdings in shares of Banco Bilbao Vizcaya Argentaria by 295.3% during the 1st quarter. Financial Management Professionals Inc. now owns 4,076 shares of the bank’s stock worth $48,000 after purchasing an additional 3,045 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Banco Bilbao Vizcaya Argentaria by 67.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,924 shares of the bank’s stock worth $49,000 after purchasing an additional 1,990 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in Banco Bilbao Vizcaya Argentaria by 567.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 4,646 shares of the bank’s stock valued at $55,000 after buying an additional 3,950 shares in the last quarter. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Citigroup raised shares of Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research report on Friday, August 9th. Royal Bank of Canada upgraded Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a report on Wednesday, July 31st. Finally, BNP Paribas downgraded Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a research report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Price Performance

Shares of BBVA stock opened at $11.07 on Friday. The company’s fifty day moving average price is $10.38 and its two-hundred day moving average price is $10.65. The firm has a market capitalization of $64.63 billion, a P/E ratio of 7.53, a P/E/G ratio of 1.03 and a beta of 1.30. Banco Bilbao Vizcaya Argentaria, S.A. has a 12 month low of $7.76 and a 12 month high of $12.20.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its quarterly earnings results on Thursday, August 1st. The bank reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. Banco Bilbao Vizcaya Argentaria had a return on equity of 16.40% and a net margin of 27.55%. The business had revenue of $9.93 billion for the quarter. During the same quarter last year, the firm posted $0.36 EPS. On average, sell-side analysts anticipate that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.75 EPS for the current year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, October 25th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.3244 per share. The ex-dividend date is Wednesday, October 9th. This is an increase from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio (DPR) is presently 45.58%.

About Banco Bilbao Vizcaya 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.