Wallace Advisory Group LLC Acquires 3,581 Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Wallace Advisory Group LLC increased its stake in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 33.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,433 shares of the bank’s stock after purchasing an additional 3,581 shares during the period. Wallace Advisory Group LLC’s holdings in Banco Bilbao Vizcaya Argentaria were worth $145,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Franklin Resources Inc. grew its holdings in Banco Bilbao Vizcaya Argentaria by 1.0% during the fourth quarter. Franklin Resources Inc. now owns 176,047 shares of the bank’s stock valued at $1,604,000 after purchasing an additional 1,658 shares during the period. Parallel Advisors LLC grew its position in shares of Banco Bilbao Vizcaya Argentaria by 8.2% during the fourth quarter. Parallel Advisors LLC now owns 14,111 shares of the bank’s stock worth $129,000 after purchasing an additional 1,065 shares in the last quarter. Capital International Investors purchased a new stake in Banco Bilbao Vizcaya Argentaria during the 4th quarter valued at approximately $193,000. Optiver Holding B.V. purchased a new position in Banco Bilbao Vizcaya Argentaria during the fourth quarter valued at $4,309,000. Finally, Capital Research Global Investors purchased a new position in shares of Banco Bilbao Vizcaya Argentaria during the fourth quarter valued at about $1,349,000. Hedge funds and other institutional investors own 2.96% of the company’s stock.

Banco Bilbao Vizcaya Argentaria Stock Performance

Shares of NYSE BBVA opened at $10.85 on Tuesday. The company has a market capitalization of $63.31 billion, a PE ratio of 7.38, a price-to-earnings-growth ratio of 1.03 and a beta of 1.30. The company’s fifty day moving average price is $10.37 and its 200 day moving average price is $10.64. Banco Bilbao Vizcaya Argentaria, S.A. has a 1 year low of $7.76 and a 1 year high of $12.20.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last posted its quarterly earnings results on Thursday, August 1st. The bank reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter. During the same quarter last year, the company earned $0.36 earnings per share. On average, equities analysts expect that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.75 EPS for the current year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The firm also recently disclosed 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. This is a boost from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. This represents a dividend yield of 5.6%. The ex-dividend date is Wednesday, October 9th. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is currently 35.37%.

Analyst Ratings Changes

A number of analysts have recently weighed in on BBVA shares. Citigroup upgraded shares of Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a report on Friday, August 9th. BNP Paribas lowered shares of Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a report on Wednesday, June 12th. Finally, Royal Bank of Canada upgraded Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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.