Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Shares Gap Down - Here's Why

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $9.69, but opened at $9.43. Banco Bilbao Vizcaya Argentaria shares last traded at $9.49, with a volume of 201,151 shares.

Wall Street Analyst Weigh In

A number of research firms recently weighed in 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 upgraded shares of Banco Bilbao Vizcaya Argentaria to a "strong-buy" rating in a report on Friday, August 9th. Finally, StockNews.com raised shares of Banco Bilbao Vizcaya Argentaria from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Banco Bilbao Vizcaya Argentaria Stock Down 1.5 %

The company has a market capitalization of $55.69 billion, a PE ratio of 5.48, a price-to-earnings-growth ratio of 0.96 and a beta of 1.31. The firm's 50 day simple moving average is $10.15 and its 200 day simple moving average is $10.29.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Friday, October 25th. Stockholders of record on Wednesday, October 9th were issued a $0.3244 dividend. This represents a dividend yield of 5.6%. This is an increase 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 is presently 29.31%.

Hedge Funds Weigh In On Banco Bilbao Vizcaya Argentaria

A number of large investors have recently bought and sold shares of the business. Rothschild Investment LLC purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria during the second quarter valued at $40,000. Barclays PLC bought a new position in Banco Bilbao Vizcaya Argentaria in the 3rd quarter worth about $41,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Banco Bilbao Vizcaya Argentaria during the second quarter worth approximately $43,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 67.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,924 shares of the bank's stock valued at $49,000 after acquiring an additional 1,990 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 48.2% in the first quarter. Russell Investments Group Ltd. now owns 5,788 shares of the bank's stock valued at $69,000 after purchasing an additional 1,882 shares during the period. Hedge funds and other institutional investors 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.