StockNews.com Downgrades Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) to Hold

StockNews.com downgraded shares of Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) from a buy rating to a hold rating in a research report released on Monday morning.

Several other brokerages have also recently issued reports on BBVA. Citigroup upgraded shares of Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research report on Friday, August 9th. Royal Bank of Canada raised Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Banco Bilbao Vizcaya Argentaria Stock Up 2.4 %

Shares of Banco Bilbao Vizcaya Argentaria stock opened at $10.33 on Monday. The business has a 50 day moving average of $10.28 and a 200 day moving average of $10.41. Banco Bilbao Vizcaya Argentaria has a 52 week low of $8.18 and a 52 week high of $12.20. The company has a market cap of $60.31 billion, a PE ratio of 5.94, a P/E/G ratio of 1.00 and a beta of 1.31.

Banco Bilbao Vizcaya Argentaria Increases Dividend

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

Institutional Investors Weigh In On Banco Bilbao Vizcaya Argentaria

Several hedge funds have recently bought and sold shares of BBVA. Clearbridge Investments LLC boosted its position in shares of Banco Bilbao Vizcaya Argentaria by 172.8% in the 2nd quarter. Clearbridge Investments LLC now owns 3,096,738 shares of the bank’s stock worth $31,060,000 after purchasing an additional 1,961,553 shares in the last quarter. Dimensional Fund Advisors LP raised 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 valued at $111,371,000 after buying an additional 619,836 shares during the last quarter. Envestnet Asset Management Inc. boosted 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 worth $44,253,000 after acquiring an additional 396,829 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 91.0% during the third quarter. Raymond James & Associates now owns 776,389 shares of the bank’s stock valued at $8,416,000 after acquiring an additional 369,971 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Banco Bilbao Vizcaya Argentaria by 24.2% in the 2nd quarter. American Century Companies Inc. now owns 1,890,079 shares of the bank’s stock worth $18,957,000 after purchasing an additional 368,660 shares during the last quarter. Institutional investors own 2.96% of the company’s stock.

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.