Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Shares Gap Up – Here’s What Happened

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)’s share price gapped up prior to trading on Friday . The stock had previously closed at $9.54, but opened at $9.83. Banco Bilbao Vizcaya Argentaria shares last traded at $9.84, with a volume of 211,063 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BBVA shares. Citigroup raised Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research report on Friday, August 9th. Royal Bank of Canada raised shares of Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a report on Wednesday, July 31st. Finally, StockNews.com upgraded shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Performance

The business has a 50-day moving average of $10.18 and a 200-day moving average of $10.33. The stock has a market capitalization of $57.33 billion, a price-to-earnings ratio of 5.65, a PEG ratio of 0.92 and a beta of 1.31.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, October 25th. Stockholders 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. This represents a dividend yield of 5.6%. The ex-dividend date of this dividend was Wednesday, October 9th. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is presently 29.31%.

Hedge Funds Weigh In On Banco Bilbao Vizcaya Argentaria

A number of institutional investors have recently modified their holdings of the business. Barclays PLC purchased a new position in Banco Bilbao Vizcaya Argentaria during the 3rd quarter worth $41,000. Rothschild Investment LLC acquired a new stake in Banco Bilbao Vizcaya Argentaria during the 2nd quarter worth approximately $40,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Banco Bilbao Vizcaya Argentaria in the 2nd quarter valued at approximately $43,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 67.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,924 shares of the bank’s stock valued at $49,000 after purchasing an additional 1,990 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 48.2% during the first quarter. Russell Investments Group Ltd. now owns 5,788 shares of the bank’s stock worth $69,000 after purchasing an additional 1,882 shares during the last quarter. 2.96% of the stock is owned by institutional investors and hedge funds.

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.