Empirical Financial Services LLC d.b.a. Empirical Wealth Management Purchases New Holdings in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 26,415 shares of the bank’s stock, valued at approximately $616,000.

A number of other hedge funds have also recently bought and sold shares of BBVA. Burns Matteson Capital Management LLC increased its stake in shares of Banco Bilbao Viscaya Argentaria by 9.2% in the 4th quarter. Burns Matteson Capital Management LLC now owns 23,713 shares of the bank’s stock valued at $553,000 after buying an additional 2,000 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Banco Bilbao Viscaya Argentaria by 45.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,456 shares of the bank’s stock valued at $34,000 after acquiring an additional 456 shares during the last quarter. Archford Capital Strategies LLC bought a new position in Banco Bilbao Viscaya Argentaria in the fourth quarter valued at about $3,286,000. Allspring Global Investments Holdings LLC increased its position in Banco Bilbao Viscaya Argentaria by 24.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 49,802 shares of the bank’s stock worth $1,201,000 after purchasing an additional 9,761 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its position in Banco Bilbao Viscaya Argentaria by 23.6% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 244,885 shares of the bank’s stock worth $5,708,000 after purchasing an additional 46,812 shares during the period. 2.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BBVA. Wall Street Zen upgraded shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Weiss Ratings cut shares of Banco Bilbao Viscaya Argentaria from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday. Royal Bank Of Canada downgraded shares of Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 28th. Finally, Zacks Research lowered shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Banco Bilbao Viscaya Argentaria Stock Down 0.2%

Shares of Banco Bilbao Viscaya Argentaria stock opened at $21.87 on Friday. The business has a fifty day simple moving average of $22.74 and a 200 day simple moving average of $21.82. The stock has a market cap of $126.03 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 0.58 and a beta of 0.86. Banco Bilbao Viscaya Argentaria S.A. has a 12 month low of $11.59 and a 12 month high of $26.20.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its earnings results on Thursday, February 5th. The bank reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50. Banco Bilbao Viscaya Argentaria had a return on equity of 17.29% and a net margin of 28.43%.The firm had revenue of $11.49 billion for the quarter, compared to analyst estimates of $10.74 billion. Analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, April 27th. Investors of record on Thursday, April 9th will be given a $0.7084 dividend. This represents a dividend yield of 678.0%. The ex-dividend date is Thursday, April 9th. Banco Bilbao Viscaya Argentaria’s dividend payout ratio (DPR) is currently 57.87%.

Banco Bilbao Viscaya Argentaria Profile

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank traces its roots to several historic regional banks and was formed through a series of mergers that consolidated its position as one of Spain’s largest banking groups. BBVA operates as a universal bank offering a broad range of financial services to retail, corporate and institutional clients.

BBVA’s core businesses include retail and commercial banking, corporate and investment banking, private banking and wealth management, asset management, and insurance.