Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Shares Gap Down to $10.84

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $10.84, but opened at $10.54. Banco Bilbao Vizcaya Argentaria shares last traded at $10.38, with a volume of 154,035 shares traded.

Analysts Set New Price Targets

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

Banco Bilbao Vizcaya Argentaria Trading Down 4.9 %

The firm has a 50-day moving average of $10.37 and a two-hundred day moving average of $10.64. The firm has a market cap of $60.19 billion, a price-to-earnings ratio of 7.38, a PEG ratio of 1.03 and a beta of 1.30.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) 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. The company had revenue of $9.93 billion during the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 16.40% and a net margin of 27.55%. During the same period in the prior year, the company posted $0.36 earnings per share. As a group, equities 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 announced a Semi-Annual dividend, which will be paid on Friday, October 25th. Investors of record on Wednesday, October 9th will be paid a $0.3244 dividend. This represents a dividend yield of 5.6%. The ex-dividend date of this dividend is Wednesday, October 9th. This is a boost from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio (DPR) is presently 35.37%.

Institutional Trading of Banco Bilbao Vizcaya Argentaria

Institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in Banco Bilbao Vizcaya Argentaria by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 11,103,927 shares of the bank’s stock worth $111,371,000 after purchasing an additional 619,836 shares during the period. Goldman Sachs Group Inc. increased its stake in Banco Bilbao Vizcaya Argentaria by 0.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 8,737,599 shares of the bank’s stock valued at $79,600,000 after acquiring an additional 30,534 shares during the period. Envestnet Asset Management Inc. raised its position in Banco Bilbao Vizcaya Argentaria by 9.9% in the second quarter. Envestnet Asset Management Inc. now owns 4,412,058 shares of the bank’s stock worth $44,253,000 after purchasing an additional 396,829 shares in the last quarter. Clearbridge Investments LLC raised its position in Banco Bilbao Vizcaya Argentaria by 172.8% in the second quarter. Clearbridge Investments LLC now owns 3,096,738 shares of the bank’s stock worth $31,060,000 after purchasing an additional 1,961,553 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Banco Bilbao Vizcaya Argentaria by 24.2% during the second quarter. American Century Companies Inc. now owns 1,890,079 shares of the bank’s stock worth $18,957,000 after purchasing an additional 368,660 shares during the period. 2.96% of the stock is currently owned by institutional investors.

Banco Bilbao Vizcaya Argentaria Company Profile

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.