Connor Clark & Lunn Investment Management Ltd. Purchases 4,870 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

Connor Clark & Lunn Investment Management Ltd. increased its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 3.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 140,068 shares of the bank’s stock after acquiring an additional 4,870 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Banco Bilbao Viscaya Argentaria were worth $2,153,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Prospera Financial Services Inc purchased a new position in Banco Bilbao Viscaya Argentaria in the second quarter worth about $340,000. AE Wealth Management LLC purchased a new position in shares of Banco Bilbao Viscaya Argentaria in the second quarter worth approximately $160,000. Vestmark Advisory Solutions Inc. bought a new stake in Banco Bilbao Viscaya Argentaria during the second quarter valued at approximately $1,773,000. Savant Capital LLC increased its holdings in Banco Bilbao Viscaya Argentaria by 40.5% during the second quarter. Savant Capital LLC now owns 79,553 shares of the bank’s stock valued at $1,223,000 after buying an additional 22,915 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in Banco Bilbao Viscaya Argentaria by 55.2% in the second quarter. First Horizon Advisors Inc. now owns 14,808 shares of the bank’s stock worth $228,000 after acquiring an additional 5,268 shares during the period. Institutional investors own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Stock Performance

NYSE BBVA opened at $21.20 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. Banco Bilbao Viscaya Argentaria S.A. has a twelve month low of $9.23 and a twelve month high of $22.09. The business has a 50-day moving average price of $19.52 and a 200-day moving average price of $17.22. The firm has a market cap of $123.74 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 1.07 and a beta of 1.21.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its earnings results on Thursday, October 30th. The bank reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. Banco Bilbao Viscaya Argentaria had a return on equity of 17.61% and a net margin of 29.17%.The company had revenue of $10.62 billion for the quarter, compared to the consensus estimate of $10.47 billion. As a group, equities research analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Banco Bilbao Viscaya Argentaria Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, November 24th. Investors of record on Thursday, November 6th will be given a dividend of $0.3736 per share. The ex-dividend date is Thursday, November 6th. This represents a dividend yield of 361.0%. Banco Bilbao Viscaya Argentaria’s dividend payout ratio is currently 31.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley began coverage on shares of Banco Bilbao Viscaya Argentaria in a research report on Tuesday, October 21st. They set an “equal weight” rating for the company. Weiss Ratings raised Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday. Zacks Research cut Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Wall Street Zen raised Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Barclays upgraded Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a research note on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria 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.