Echo45 Advisors LLC Sells 1,632 Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Echo45 Advisors LLC lowered its holdings in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 11.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 12,556 shares of the bank’s stock after selling 1,632 shares during the period. Echo45 Advisors LLC’s holdings in Banco Bilbao Vizcaya Argentaria were worth $114,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BBVA. Wellington Management Group LLP boosted 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 valued at $50,816,000 after buying an additional 122,652 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in Banco Bilbao Vizcaya Argentaria by 25.8% in the third quarter. O Shaughnessy Asset Management LLC now owns 1,293,271 shares of the bank’s stock valued at $10,411,000 after buying an additional 265,431 shares in the last quarter. FMR LLC lifted its position in shares of Banco Bilbao Vizcaya Argentaria by 1.7% during the third quarter. FMR LLC now owns 5,763,182 shares of the bank’s stock worth $46,394,000 after purchasing an additional 95,671 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Banco Bilbao Vizcaya Argentaria by 3.1% during the third quarter. Mercer Global Advisors Inc. ADV now owns 743,200 shares of the bank’s stock worth $5,983,000 after purchasing an additional 22,426 shares in the last quarter. Finally, Citigroup Inc. lifted its position in shares of Banco Bilbao Vizcaya Argentaria by 7.4% during the third quarter. Citigroup Inc. now owns 151,163 shares of the bank’s stock worth $1,217,000 after purchasing an additional 10,437 shares in the last quarter. Institutional investors own 2.96% of the company’s stock.

Banco Bilbao Vizcaya Argentaria Price Performance

Shares of BBVA stock traded up $0.14 during trading hours on Thursday, reaching $10.97. 1,618,806 shares of the company were exchanged, compared to its average volume of 1,387,069. Banco Bilbao Vizcaya Argentaria, S.A. has a fifty-two week low of $6.47 and a fifty-two week high of $12.20. The stock’s fifty day moving average is $10.82 and its two-hundred day moving average is $9.48. The company has a market cap of $65.44 billion, a price-to-earnings ratio of 7.90, a P/E/G ratio of 0.53 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.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last posted its quarterly earnings results on Monday, January 29th. The bank reported $0.37 earnings per share 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 net margin of 27.15% and a return on equity of 14.85%. Sell-side analysts forecast that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.54 earnings per share 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 given a dividend of $0.1695 per share. This is an increase from Banco Bilbao Vizcaya Argentaria’s previous semi-annual dividend of $0.17. The ex-dividend date is Monday, April 8th. This represents a dividend yield of 4.3%. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is currently 49.64%.

Analysts Set New Price Targets

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

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.