Raymond James & Associates Increases Stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Raymond James & Associates raised its position in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 91.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 776,389 shares of the bank’s stock after acquiring an additional 369,971 shares during the quarter. Raymond James & Associates’ holdings in Banco Bilbao Vizcaya Argentaria were worth $8,416,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Capital Research Global Investors lifted its position in Banco Bilbao Vizcaya Argentaria by 56.2% during the 1st quarter. Capital Research Global Investors now owns 233,631 shares of the bank’s stock valued at $2,766,000 after acquiring an additional 84,063 shares during the period. Capital Wealth Planning LLC lifted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 30.1% during the first quarter. Capital Wealth Planning LLC now owns 432,620 shares of the bank’s stock valued at $5,122,000 after purchasing an additional 100,170 shares during the last quarter. Deltec Asset Management LLC bought a new stake in shares of Banco Bilbao Vizcaya Argentaria in the 2nd quarter worth approximately $928,000. Norden Group LLC bought a new position in Banco Bilbao Vizcaya Argentaria during the 1st quarter valued at approximately $979,000. Finally, Sequoia Financial Advisors LLC increased its position in Banco Bilbao Vizcaya Argentaria by 5.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 88,022 shares of the bank’s stock valued at $883,000 after buying an additional 4,850 shares in the last quarter. 2.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BBVA. Royal Bank of Canada upgraded shares of Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research note on Wednesday, July 31st. Citigroup raised Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Banco Bilbao Vizcaya Argentaria currently has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Price Performance

NYSE BBVA opened at $9.76 on Wednesday. The stock has a market capitalization of $56.98 billion, a price-to-earnings ratio of 6.64, a PEG ratio of 1.10 and a beta of 1.30. Banco Bilbao Vizcaya Argentaria, S.A. has a 1-year low of $7.76 and a 1-year high of $12.20. The business’s fifty day moving average price is $10.32 and its 200-day moving average price is $10.43.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its quarterly earnings results on Thursday, August 1st. The bank reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $9.93 billion during the quarter. Banco Bilbao Vizcaya Argentaria had a net margin of 27.55% and a return on equity of 16.40%. During the same period in the previous year, the company earned $0.36 EPS. Equities research 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 firm also recently announced a Semi-Annual dividend, which was paid on Friday, October 25th. Shareholders of record on Wednesday, October 9th were issued 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 yield of 5.6%. The ex-dividend date was Wednesday, October 9th. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is currently 34.69%.

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.