Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Sets New 12-Month High – Here’s What Happened

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $22.10 and last traded at $21.9960, with a volume of 283185 shares. The stock had previously closed at $21.86.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BBVA shares. Barclays raised shares of Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a report on Thursday, August 7th. Wall Street Zen lowered Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Weiss Ratings reissued a “buy (a-)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday. Morgan Stanley initiated coverage on shares of Banco Bilbao Viscaya Argentaria in a report on Tuesday, October 21st. They set an “equal weight” rating for the company. Finally, Zacks Research cut Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Trading Up 1.0%

The company has a 50-day moving average price of $20.13 and a two-hundred day moving average price of $17.86. The stock has a market cap of $129.14 billion, a P/E ratio of 11.58, a P/E/G ratio of 0.99 and a beta of 0.83.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its quarterly earnings data on Thursday, October 30th. The bank reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. Banco Bilbao Viscaya Argentaria had a net margin of 28.58% and a return on equity of 17.07%. The company had revenue of $10.59 billion during the quarter, compared to analyst estimates of $10.47 billion. As a group, equities analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current fiscal year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, November 24th. Investors of record on Thursday, November 6th were given a $0.3736 dividend. This represents a yield of 361.0%. The ex-dividend date of this dividend was Thursday, November 6th. Banco Bilbao Viscaya Argentaria’s dividend payout ratio is 31.41%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BBVA. Goldman Sachs Group Inc. boosted its holdings in Banco Bilbao Viscaya Argentaria by 10.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,941,273 shares of the bank’s stock valued at $149,020,000 after acquiring an additional 1,014,305 shares during the period. Bank of America Corp DE lifted its position in shares of Banco Bilbao Viscaya Argentaria by 28.0% during the second quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock worth $142,760,000 after purchasing an additional 2,034,318 shares during the last quarter. Capital International Investors boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 0.6% during the third quarter. Capital International Investors now owns 6,616,619 shares of the bank’s stock valued at $125,914,000 after purchasing an additional 40,320 shares during the period. Clark Capital Management Group Inc. grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 2.0% in the third quarter. Clark Capital Management Group Inc. now owns 5,755,246 shares of the bank’s stock worth $110,788,000 after purchasing an additional 113,250 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Banco Bilbao Viscaya Argentaria by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,846,150 shares of the bank’s stock worth $93,288,000 after buying an additional 297,752 shares during the period. Institutional investors own 2.96% of the company’s stock.

Banco Bilbao Viscaya 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.