NewEdge Advisors LLC Acquires 60,797 Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

NewEdge Advisors LLC raised its holdings in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 198.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,450 shares of the bank’s stock after purchasing an additional 60,797 shares during the quarter. NewEdge Advisors LLC’s holdings in Banco Bilbao Vizcaya Argentaria were worth $917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Barometer Capital Management Inc. purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria during the 4th quarter worth approximately $119,000. Syon Capital LLC raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 20.8% in the fourth quarter. Syon Capital LLC now owns 79,167 shares of the bank’s stock valued at $721,000 after buying an additional 13,620 shares during the period. Abel Hall LLC purchased a new position in shares of Banco Bilbao Vizcaya Argentaria during the 4th quarter valued at $94,000. Goldman Sachs Group Inc. grew its stake in shares of Banco Bilbao Vizcaya Argentaria by 0.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 8,737,599 shares of the bank’s stock worth $79,600,000 after acquiring an additional 30,534 shares during the period. Finally, Sivia Capital Partners LLC purchased a new stake in Banco Bilbao Vizcaya Argentaria in the 4th quarter worth about $195,000. 2.96% of the stock is owned by hedge funds and other institutional investors.

Banco Bilbao Vizcaya Argentaria Stock Performance

Shares of Banco Bilbao Vizcaya Argentaria stock opened at $10.63 on Tuesday. The stock has a market capitalization of $62.03 billion, a price-to-earnings ratio of 7.23, a price-to-earnings-growth ratio of 1.03 and a beta of 1.30. The company has a fifty day moving average of $10.32 and a 200-day moving average of $10.61. Banco Bilbao Vizcaya Argentaria, S.A. has a 52-week low of $7.76 and a 52-week high of $12.20.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last posted its earnings results on Thursday, August 1st. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $9.93 billion for 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 last year, the firm posted $0.36 earnings per share. On average, equities research 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 business also recently declared 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 is an increase from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. This represents a yield of 5.6%. The ex-dividend date is Wednesday, October 9th. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is presently 35.37%.

Analyst Ratings Changes

Several brokerages have recently weighed in on BBVA. BNP Paribas cut Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a research report on Wednesday, June 12th. Royal Bank of Canada upgraded shares of Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research note on Wednesday, July 31st. Finally, Citigroup raised Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a report on Friday, August 9th. One 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.com, the stock currently has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria 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.