Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) from a hold rating to a buy rating in a report published on Tuesday morning.

Several other brokerages also recently issued reports on BBVA. Royal Bank of Canada upgraded Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research report on Wednesday, July 31st. Citigroup raised shares of Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Trading Down 2.8 %

Shares of NYSE BBVA opened at $9.45 on Tuesday. The stock has a market cap of $55.17 billion, a price-to-earnings ratio of 5.43, a PEG ratio of 0.96 and a beta of 1.31. The company’s 50-day moving average price is $10.22 and its 200 day moving average price is $10.37. Banco Bilbao Vizcaya Argentaria has a 52 week low of $8.47 and a 52 week high of $12.20.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Friday, October 25th. Shareholders of record on Wednesday, October 9th were paid a dividend of $0.3244 per share. The ex-dividend date was Wednesday, October 9th. This represents a yield of 5.6%. This is an increase from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio (DPR) is currently 29.31%.

Institutional Trading of Banco Bilbao Vizcaya Argentaria

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in Banco Bilbao Vizcaya Argentaria by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 11,103,927 shares of the bank’s stock worth $111,371,000 after acquiring an additional 619,836 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Banco Bilbao Vizcaya Argentaria by 9.9% in the second quarter. Envestnet Asset Management Inc. now owns 4,412,058 shares of the bank’s stock valued at $44,253,000 after buying an additional 396,829 shares during the period. Clearbridge Investments LLC lifted its position in Banco Bilbao Vizcaya Argentaria by 172.8% during the second quarter. Clearbridge Investments LLC now owns 3,096,738 shares of the bank’s stock valued at $31,060,000 after buying an additional 1,961,553 shares in the last quarter. American Century Companies Inc. grew its stake in Banco Bilbao Vizcaya Argentaria by 24.2% during the second quarter. American Century Companies Inc. now owns 1,890,079 shares of the bank’s stock worth $18,957,000 after buying an additional 368,660 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Banco Bilbao Vizcaya Argentaria by 1.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,363,752 shares of the bank’s stock worth $16,147,000 after acquiring an additional 20,719 shares in the last quarter. 2.96% of the stock is currently owned by institutional investors and hedge funds.

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.