Allspring Global Investments Holdings LLC Raises Stock Holdings in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Allspring Global Investments Holdings LLC increased its position in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 52.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,438 shares of the bank’s stock after purchasing an additional 13,214 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Banco Bilbao Vizcaya Argentaria were worth $417,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Werba Rubin Papier Wealth Management boosted its holdings in Banco Bilbao Vizcaya Argentaria by 9.9% in the third quarter. Werba Rubin Papier Wealth Management now owns 18,726 shares of the bank’s stock worth $203,000 after acquiring an additional 1,689 shares in the last quarter. Raymond James & Associates boosted its holdings in Banco Bilbao Vizcaya Argentaria by 91.0% in the third quarter. Raymond James & Associates now owns 776,389 shares of the bank’s stock worth $8,416,000 after acquiring an additional 369,971 shares in the last quarter. Capital Investment Advisors LLC bought a new stake in Banco Bilbao Vizcaya Argentaria in the third quarter worth $116,000. Blue Trust Inc. boosted its holdings in Banco Bilbao Vizcaya Argentaria by 182.1% in the third quarter. Blue Trust Inc. now owns 64,866 shares of the bank’s stock worth $651,000 after acquiring an additional 41,872 shares in the last quarter. Finally, Aaron Wealth Advisors LLC boosted its holdings in Banco Bilbao Vizcaya Argentaria by 29.2% in the third quarter. Aaron Wealth Advisors LLC now owns 46,129 shares of the bank’s stock worth $500,000 after acquiring an additional 10,414 shares in the last quarter. 2.96% of the stock is owned by hedge funds and other institutional investors.

Banco Bilbao Vizcaya Argentaria Price Performance

Shares of NYSE:BBVA opened at $10.09 on Friday. The company has a market cap of $58.90 billion, a P/E ratio of 5.80, a PEG ratio of 0.97 and a beta of 1.30. Banco Bilbao Vizcaya Argentaria, S.A. has a 1 year low of $8.03 and a 1 year high of $12.20. The stock’s fifty day moving average price is $10.29 and its 200-day moving average price is $10.42.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last announced its quarterly earnings results on Thursday, October 31st. The bank reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The firm had revenue of $9.58 billion for the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 16.40% and a net margin of 27.55%. On average, sell-side analysts anticipate that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.69 earnings per share for the current year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Friday, October 25th. Shareholders of record on Wednesday, October 9th were issued a $0.3244 dividend. This is an increase from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. The ex-dividend date was Wednesday, October 9th. This represents a yield of 5.6%. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is currently 29.31%.

Wall Street Analysts Forecast Growth

Several research firms have commented on BBVA. Citigroup raised Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a report on Friday, August 9th. Royal Bank of Canada raised Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

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.