Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Stock Rating Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) from a buy rating to a hold rating in a report released on Sunday,Wall Street Zen reports.

A number of other equities research analysts have also recently weighed in on the company. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Banco Bilbao Vizcaya Argentaria in a report on Wednesday, August 5th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Banco Bilbao Vizcaya Argentaria in a research report on Monday, August 10th. Barclays reissued a “neutral” rating on shares of Banco Bilbao Vizcaya Argentaria in a report on Tuesday, July 14th. Bank of America cut Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Banco Bilbao Vizcaya Argentaria in a research note on Thursday, September 24th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Banco Bilbao Vizcaya Argentaria Stock Up 0.1%

Banco Bilbao Vizcaya Argentaria stock opened at $25.07 on Friday. The firm has a 50-day moving average price of $27.06 and a two-hundred day moving average price of $24.80. The firm has a market capitalization of $139.89 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 0.66 and a beta of 0.85. Banco Bilbao Vizcaya Argentaria has a 52-week low of $20.10 and a 52-week high of $29.64.

Banco Bilbao Vizcaya Argentaria Announces Dividend

The business also recently announced a dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 14th were given a $0.4168 dividend. This represents a yield of 324.0%. The ex-dividend date was Wednesday, October 14th. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is currently 29.00%.

Hedge Funds Weigh In On Banco Bilbao Vizcaya Argentaria

Large investors have recently bought and sold shares of the stock. CoreCap Advisors LLC raised its position in shares of Banco Bilbao Vizcaya Argentaria by 192.9% during the third quarter. CoreCap Advisors LLC now owns 911 shares of the bank’s stock worth $25,000 after purchasing an additional 600 shares during the period. Retirement Wealth Solutions LLC lifted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 53.5% during the third quarter. Retirement Wealth Solutions LLC now owns 1,127 shares of the bank’s stock valued at $31,000 after purchasing an additional 393 shares during the last quarter. West Financial Advisors LLC purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria during the third quarter valued at $32,000. Whipplewood Advisors LLC acquired a new position in shares of Banco Bilbao Vizcaya Argentaria in the 1st quarter valued at $27,000. Finally, Gen Wealth Partners Inc acquired a new position in shares of Banco Bilbao Vizcaya Argentaria in the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 2.96% of the company’s stock.

Banco Bilbao Vizcaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria, SA (NYSE: BBVA) is a global financial services group headquartered in Bilbao, Spain. The bank traces its origins to Banco de Bilbao, founded in 1857, and adopted the BBVA name in 1999 following the merger of Banco Bilbao Vizcaya and Argentaria.

BBVA provides retail and commercial banking services, including checking and savings accounts, consumer and mortgage lending, credit cards, payments, and digital banking. It also serves businesses and institutions through corporate and investment banking, transaction banking, capital markets, and advisory services.