Lazari Capital Management Inc. Buys Shares of 11,875 Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Lazari Capital Management Inc. bought a new stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,875 shares of the bank’s stock, valued at approximately $119,000.

Several other large investors also recently added to or reduced their stakes in BBVA. Franklin Resources Inc. grew its holdings in Banco Bilbao Vizcaya Argentaria by 1.0% in the 4th quarter. Franklin Resources Inc. now owns 176,047 shares of the bank’s stock valued at $1,604,000 after buying an additional 1,658 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Banco Bilbao Vizcaya Argentaria by 8.2% during the 4th quarter. Parallel Advisors LLC now owns 14,111 shares of the bank’s stock valued at $129,000 after acquiring an additional 1,065 shares during the period. Capital International Investors purchased a new position in Banco Bilbao Vizcaya Argentaria during the 4th quarter valued at about $193,000. Optiver Holding B.V. purchased a new position in Banco Bilbao Vizcaya Argentaria during the 4th quarter valued at about $4,309,000. Finally, Capital Research Global Investors purchased a new position in Banco Bilbao Vizcaya Argentaria during the 4th quarter valued at about $1,349,000. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BBVA has been the topic of a number of analyst reports. BNP Paribas lowered Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a research report on Wednesday, June 12th. Citigroup raised Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research report on Friday, August 9th. Finally, Royal Bank of Canada raised Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Price Performance

BBVA stock opened at $10.28 on Wednesday. The firm has a market capitalization of $60.01 billion, a P/E ratio of 6.99, a P/E/G ratio of 1.03 and a beta of 1.30. The business’s 50-day moving average is $10.36 and its two-hundred day moving average is $10.64. Banco Bilbao Vizcaya Argentaria, S.A. has a 1 year low of $7.76 and a 1 year high of $12.20.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last issued its earnings results on Thursday, August 1st. The bank reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The business had revenue of $9.93 billion for the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 16.40% and a net margin of 27.55%. During the same period last year, the business posted $0.36 EPS. On average, analysts expect that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.75 EPS for the current year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Friday, October 25th. Investors of record on Wednesday, October 9th will be paid a dividend of $0.3244 per share. This represents a yield of 5.6%. The ex-dividend date of this dividend is Wednesday, October 9th. 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 35.37%.

Banco Bilbao Vizcaya 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.