Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Cut to Hold at StockNews.com

StockNews.com lowered shares of Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) from a buy rating to a hold rating in a report published on Monday morning.

A number of other research analysts also recently issued reports on the stock. Citigroup raised shares of Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research report on Friday, August 9th. Royal Bank of Canada raised Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Banco Bilbao Vizcaya Argentaria Price Performance

Shares of BBVA stock opened at $9.65 on Monday. The stock’s 50-day moving average is $10.26 and its 200 day moving average is $10.40. Banco Bilbao Vizcaya Argentaria has a 1-year low of $8.18 and a 1-year high of $12.20. The company has a market cap of $56.31 billion, a P/E ratio of 5.54, a PEG ratio of 1.00 and a beta of 1.31.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Friday, October 25th. Investors of record on Wednesday, October 9th were paid a $0.3244 dividend. The ex-dividend date was Wednesday, October 9th. This is a boost from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. This represents a yield of 5.6%. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio (DPR) is 29.31%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Capital Research Global Investors increased its position in shares of Banco Bilbao Vizcaya Argentaria by 56.2% in 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 boosted its position in Banco Bilbao Vizcaya Argentaria by 30.1% in the first quarter. Capital Wealth Planning LLC now owns 432,620 shares of the bank’s stock valued at $5,122,000 after buying an additional 100,170 shares during the last quarter. Deltec Asset Management LLC acquired a new position in Banco Bilbao Vizcaya Argentaria in the 2nd quarter worth approximately $928,000. Mediolanum International Funds Ltd purchased a new position in Banco Bilbao Vizcaya Argentaria during the 3rd quarter worth approximately $2,297,000. Finally, Sequoia Financial Advisors LLC lifted its stake 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 acquiring an additional 4,850 shares during the period. Institutional investors and hedge funds own 2.96% of the company’s stock.

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.