Sanctuary Advisors LLC purchased a new stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 57,542 shares of the bank’s stock, valued at approximately $577,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Research Global Investors raised its position in Banco Bilbao Vizcaya Argentaria by 56.2% in the first quarter. Capital Research Global Investors now owns 233,631 shares of the bank’s stock worth $2,766,000 after purchasing an additional 84,063 shares in the last quarter. Capital Wealth Planning LLC lifted its position in shares of Banco Bilbao Vizcaya Argentaria by 30.1% during the 1st quarter. Capital Wealth Planning LLC now owns 432,620 shares of the bank’s stock worth $5,122,000 after buying an additional 100,170 shares during the period. Deltec Asset Management LLC acquired a new stake in Banco Bilbao Vizcaya Argentaria in the 2nd quarter valued at $928,000. Norden Group LLC bought a new stake in Banco Bilbao Vizcaya Argentaria in the first quarter valued at $979,000. Finally, Sequoia Financial Advisors LLC raised its stake in Banco Bilbao Vizcaya Argentaria by 5.8% during the second quarter. Sequoia Financial Advisors LLC now owns 88,022 shares of the bank’s stock worth $883,000 after acquiring an additional 4,850 shares in the last quarter. 2.96% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on BBVA shares. Royal Bank of Canada raised shares of Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a report on Wednesday, July 31st. Citigroup raised shares of Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.
Banco Bilbao Vizcaya Argentaria Stock Performance
Shares of BBVA stock opened at $10.23 on Tuesday. Banco Bilbao Vizcaya Argentaria, S.A. has a 52 week low of $7.76 and a 52 week high of $12.20. The stock has a market capitalization of $59.72 billion, a PE ratio of 6.96, a PEG ratio of 1.10 and a beta of 1.30. The stock’s fifty day moving average is $10.33 and its 200-day moving average is $10.55.
Banco Bilbao Vizcaya Argentaria (NYSE:BBVA – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The bank reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. Banco Bilbao Vizcaya Argentaria had a net margin of 27.55% and a return on equity of 16.40%. The firm had revenue of $9.93 billion during the quarter. During the same quarter in the previous year, the business posted $0.36 EPS. As a group, analysts forecast that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.75 earnings per share for the current fiscal year.
Banco Bilbao Vizcaya Argentaria Increases Dividend
The company also recently disclosed a Semi-Annual dividend, which will be paid on Friday, October 25th. Shareholders of record on Wednesday, October 9th will be given a $0.3244 dividend. This represents a yield of 5.6%. This is a positive change from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. The ex-dividend date of this dividend is Wednesday, October 9th. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio (DPR) is presently 35.37%.
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.
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