Banco Bilbao Viscaya Argentaria S.A. $BBVA Shares Sold by Capital Research Global Investors

Capital Research Global Investors lessened its stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 35.0% during the third quarter, Holdings Channel reports. The firm owned 229,295 shares of the bank’s stock after selling 123,710 shares during the period. Capital Research Global Investors’ holdings in Banco Bilbao Viscaya Argentaria were worth $4,363,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Navigoe LLC acquired a new stake in shares of Banco Bilbao Viscaya Argentaria during the 3rd quarter worth $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in Banco Bilbao Viscaya Argentaria in the second quarter valued at $30,000. Cornerstone Planning Group LLC grew its position in Banco Bilbao Viscaya Argentaria by 183.2% during the third quarter. Cornerstone Planning Group LLC now owns 1,597 shares of the bank’s stock valued at $32,000 after acquiring an additional 1,033 shares during the period. Salomon & Ludwin LLC grew its position in Banco Bilbao Viscaya Argentaria by 2,989.5% during the third quarter. Salomon & Ludwin LLC now owns 2,348 shares of the bank’s stock valued at $45,000 after acquiring an additional 2,272 shares during the period. Finally, Westside Investment Management Inc. increased its stake in Banco Bilbao Viscaya Argentaria by 100.0% during the third quarter. Westside Investment Management Inc. now owns 2,316 shares of the bank’s stock worth $45,000 after acquiring an additional 1,158 shares during the last quarter. 2.96% of the stock is owned by hedge funds and other institutional investors.

Banco Bilbao Viscaya Argentaria Price Performance

NYSE:BBVA opened at $20.83 on Friday. The business’s 50-day moving average is $23.73 and its two-hundred day moving average is $21.51. The firm has a market capitalization of $120.04 billion, a PE ratio of 10.57, a price-to-earnings-growth ratio of 0.58 and a beta of 0.80. Banco Bilbao Viscaya Argentaria S.A. has a 12 month low of $11.59 and a 12 month high of $26.20.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its earnings results on Thursday, February 5th. The bank reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. The company had revenue of $11.49 billion during the quarter, compared to the consensus estimate of $10.74 billion. Banco Bilbao Viscaya Argentaria had a return on equity of 17.29% and a net margin of 28.43%. Equities analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, April 27th. Shareholders of record on Thursday, April 9th will be issued a $0.7084 dividend. This represents a yield of 678.0%. The ex-dividend date is Thursday, April 9th. Banco Bilbao Viscaya Argentaria’s dividend payout ratio is currently 30.46%.

Analyst Ratings Changes

A number of research firms have recently commented on BBVA. Royal Bank Of Canada downgraded Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 28th. Zacks Research downgraded shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Wall Street Zen upgraded shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Banco Bilbao Viscaya Argentaria Profile

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank traces its roots to several historic regional banks and was formed through a series of mergers that consolidated its position as one of Spain’s largest banking groups. BBVA operates as a universal bank offering a broad range of financial services to retail, corporate and institutional clients.

BBVA’s core businesses include retail and commercial banking, corporate and investment banking, private banking and wealth management, asset management, and insurance.