Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Shares Gap Up to $10.50

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $10.50, but opened at $10.84. Banco Bilbao Vizcaya Argentaria shares last traded at $10.85, with a volume of 717,159 shares traded.

Analyst Upgrades and Downgrades

Separately, Barclays cut Banco Bilbao Vizcaya Argentaria from an “overweight” rating to an “equal weight” rating in a research note on Monday, March 25th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Performance

The company has a market cap of $64.73 billion, a PE ratio of 7.80, a PEG ratio of 0.59 and a beta of 1.33. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.03 and a quick ratio of 1.03. The business has a 50-day moving average of $10.79 and a 200 day moving average of $9.47.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last issued its quarterly earnings results on Monday, January 29th. The bank reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The business had revenue of $8.01 billion during the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 14.85% and a net margin of 27.15%. Equities research analysts anticipate that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.54 EPS for the current fiscal year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 25th. Stockholders of record on Tuesday, April 9th will be paid a $0.1695 dividend. This represents a dividend yield of 4.3%. This is a positive change from Banco Bilbao Vizcaya Argentaria’s previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Monday, April 8th. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio (DPR) is presently 49.64%.

Institutional Trading of Banco Bilbao Vizcaya Argentaria

Several hedge funds and other institutional investors have recently bought and sold shares of BBVA. Dimensional Fund Advisors LP raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,355,974 shares of the bank’s stock valued at $94,342,000 after buying an additional 290,673 shares during the last quarter. Morgan Stanley grew its position in shares of Banco Bilbao Vizcaya Argentaria by 1.2% in the third quarter. Morgan Stanley now owns 10,345,999 shares of the bank’s stock valued at $83,285,000 after purchasing an additional 117,641 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Banco Bilbao Vizcaya Argentaria by 0.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 8,737,599 shares of the bank’s stock worth $79,600,000 after acquiring an additional 30,534 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Banco Bilbao Vizcaya Argentaria by 2.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 8,129,565 shares of the bank’s stock worth $57,313,000 after acquiring an additional 195,513 shares during the period. Finally, Wellington Management Group LLP grew its position in Banco Bilbao Vizcaya Argentaria by 2.0% in the third quarter. Wellington Management Group LLP now owns 6,312,586 shares of the bank’s stock worth $50,816,000 after acquiring an additional 122,652 shares during the period. Institutional investors 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.