Truist Financial Corp Purchases 1,531 Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Truist Financial Corp grew its position in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 0.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 373,859 shares of the bank’s stock after acquiring an additional 1,531 shares during the quarter. Truist Financial Corp’s holdings in Banco Bilbao Vizcaya Argentaria were worth $3,750,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Capital Research Global Investors lifted its position in Banco Bilbao Vizcaya Argentaria by 56.2% in the first quarter. Capital Research Global Investors now owns 233,631 shares of the bank’s stock worth $2,766,000 after purchasing an additional 84,063 shares during the period. Capital Wealth Planning LLC raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 30.1% in the 1st 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 in the last quarter. Deltec Asset Management LLC bought a new position in shares of Banco Bilbao Vizcaya Argentaria during the 2nd quarter worth about $928,000. Norden Group LLC acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria during the 1st quarter valued at about $979,000. Finally, Sequoia Financial Advisors LLC increased its stake in Banco Bilbao Vizcaya Argentaria by 5.8% in the second 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 Stock Down 0.8 %

NYSE:BBVA opened at $10.54 on Wednesday. The firm has a market cap of $61.53 billion, a PE ratio of 7.17, a price-to-earnings-growth ratio of 1.03 and a beta of 1.30. The company’s 50-day moving average price is $10.32 and its two-hundred day moving average price is $10.61. Banco Bilbao Vizcaya Argentaria, S.A. has a 12 month low of $7.76 and a 12 month high of $12.20.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last announced its earnings results on Thursday, August 1st. The bank reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. Banco Bilbao Vizcaya Argentaria had a return on equity of 16.40% and a net margin of 27.55%. The business had revenue of $9.93 billion for the quarter. During the same period in the previous year, the firm earned $0.36 earnings per share. On average, research analysts expect that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.75 EPS for the current fiscal year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, October 25th. Investors of record on Wednesday, October 9th will be issued a $0.3244 dividend. This represents a dividend yield of 5.6%. This is a boost from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. The ex-dividend date is Wednesday, October 9th. Banco Bilbao Vizcaya Argentaria’s payout ratio is currently 35.37%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Citigroup raised Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a report on Friday, August 9th. BNP Paribas lowered Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a research note on Wednesday, June 12th. Finally, Royal Bank of Canada upgraded Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, 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.