Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Shares Gap Down – Here’s What Happened

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) gapped down prior to trading on Wednesday . The stock had previously closed at $10.46, but opened at $9.63. Banco Bilbao Vizcaya Argentaria shares last traded at $9.62, with a volume of 2,241,240 shares traded.

Analyst Ratings Changes

BBVA has been the subject of several recent analyst reports. Royal Bank of Canada raised Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research note on Wednesday, July 31st. StockNews.com cut Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Citigroup raised Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Banco Bilbao Vizcaya Argentaria presently has a consensus rating of “Hold”.

Banco Bilbao Vizcaya Argentaria Trading Down 7.8 %

The firm has a market cap of $56.31 billion, a price-to-earnings ratio of 5.54, a price-to-earnings-growth ratio of 1.00 and a beta of 1.31. The stock has a 50-day moving average of $10.26 and a two-hundred day moving average of $10.40.

Banco Bilbao Vizcaya Argentaria Increases Dividend

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

Institutional Investors Weigh In On Banco Bilbao Vizcaya Argentaria

Hedge funds have recently bought and sold shares of the business. Rothschild Investment LLC purchased a new stake in Banco Bilbao Vizcaya Argentaria in the 2nd quarter worth about $40,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria during the 2nd quarter worth about $43,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 67.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,924 shares of the bank’s stock worth $49,000 after purchasing an additional 1,990 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 567.5% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 4,646 shares of the bank’s stock worth $55,000 after purchasing an additional 3,950 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 48.2% during the 1st quarter. Russell Investments Group Ltd. now owns 5,788 shares of the bank’s stock worth $69,000 after purchasing an additional 1,882 shares in the last quarter. 2.96% of the stock is owned by hedge funds and other institutional investors.

About Banco Bilbao Vizcaya Argentaria

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.