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

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.

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

Banco Bilbao Vizcaya Argentaria Stock Down 7.8 %

Shares of BBVA opened at $9.65 on Monday. The company has a market capitalization of $56.31 billion, a price-to-earnings ratio of 5.54, a PEG ratio of 1.00 and a beta of 1.31. Banco Bilbao Vizcaya Argentaria has a 52 week low of $8.18 and a 52 week high of $12.20. The stock’s 50-day moving average price is $10.26 and its 200-day moving average price is $10.40.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Friday, October 25th. Stockholders of record on Wednesday, October 9th were given a $0.3244 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This is a boost from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. This represents a dividend yield of 5.6%. Banco Bilbao Vizcaya Argentaria’s payout ratio is 29.31%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BBVA. Signaturefd LLC lifted its holdings in Banco Bilbao Vizcaya Argentaria by 0.9% during the second quarter. Signaturefd LLC now owns 109,672 shares of the bank’s stock valued at $1,100,000 after purchasing an additional 993 shares in the last quarter. Optas LLC lifted its stake in Banco Bilbao Vizcaya Argentaria by 6.0% in the 2nd quarter. Optas LLC now owns 18,708 shares of the bank’s stock valued at $188,000 after buying an additional 1,053 shares in the last quarter. Traveka Wealth LLC boosted its holdings in Banco Bilbao Vizcaya Argentaria by 10.0% in the 2nd quarter. Traveka Wealth LLC now owns 12,751 shares of the bank’s stock worth $128,000 after buying an additional 1,156 shares during the last quarter. Chickasaw Capital Management LLC increased its stake in Banco Bilbao Vizcaya Argentaria by 2.9% during the 2nd quarter. Chickasaw Capital Management LLC now owns 42,654 shares of the bank’s stock worth $428,000 after buying an additional 1,207 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its position in shares of Banco Bilbao Vizcaya Argentaria by 1.5% in the first quarter. Orion Portfolio Solutions LLC now owns 82,947 shares of the bank’s stock valued at $982,000 after acquiring an additional 1,217 shares in the last quarter. 2.96% of the stock is owned by institutional investors and hedge funds.

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.