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

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

Several other brokerages also recently issued reports on BBVA. Royal Bank of Canada raised shares of Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a 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 investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Banco Bilbao Vizcaya Argentaria currently has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Trading Up 3.0 %

Shares of BBVA opened at $9.83 on Tuesday. Banco Bilbao Vizcaya Argentaria has a twelve month low of $8.63 and a twelve month high of $12.20. The firm has a market capitalization of $57.36 billion, a P/E ratio of 5.65, a PEG ratio of 0.92 and a beta of 1.31. The firm’s 50-day moving average is $10.18 and its two-hundred day moving average is $10.34.

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 dividend of $0.3244 per share. This is a positive change from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a yield of 5.6%. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is 29.31%.

Hedge Funds Weigh In On Banco Bilbao Vizcaya Argentaria

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Clearbridge Investments LLC increased its position in shares of Banco Bilbao Vizcaya Argentaria by 172.8% in the second quarter. Clearbridge Investments LLC now owns 3,096,738 shares of the bank’s stock worth $31,060,000 after acquiring an additional 1,961,553 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Banco Bilbao Vizcaya Argentaria by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,103,927 shares of the bank’s stock valued at $111,371,000 after purchasing an additional 619,836 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Banco Bilbao Vizcaya Argentaria by 9.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,412,058 shares of the bank’s stock valued at $44,253,000 after purchasing an additional 396,829 shares in the last quarter. Raymond James & Associates grew its holdings in Banco Bilbao Vizcaya Argentaria by 91.0% during the 3rd quarter. Raymond James & Associates now owns 776,389 shares of the bank’s stock valued at $8,416,000 after purchasing an additional 369,971 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Banco Bilbao Vizcaya Argentaria by 24.2% during the 2nd quarter. American Century Companies Inc. now owns 1,890,079 shares of the bank’s stock valued at $18,957,000 after purchasing an additional 368,660 shares in the last quarter. Institutional investors and hedge funds own 2.96% of the company’s stock.

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.