Grantham Mayo Van Otterloo & Co. LLC Invests $563,000 in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 57,956 shares of the bank's stock, valued at approximately $563,000.

A number of other hedge funds have also modified their holdings of BBVA. Raymond James Financial Inc. purchased a new position in Banco Bilbao Vizcaya Argentaria during the fourth quarter worth about $7,333,000. Norges Bank acquired a new position in shares of Banco Bilbao Vizcaya Argentaria in the 4th quarter worth approximately $3,208,000. Summit Global Investments increased its holdings in Banco Bilbao Vizcaya Argentaria by 105.5% in the 4th quarter. Summit Global Investments now owns 539,796 shares of the bank's stock valued at $5,247,000 after purchasing an additional 277,164 shares during the last quarter. LPL Financial LLC raised its position in Banco Bilbao Vizcaya Argentaria by 189.4% in the fourth quarter. LPL Financial LLC now owns 397,979 shares of the bank's stock valued at $3,868,000 after purchasing an additional 260,472 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Banco Bilbao Vizcaya Argentaria during the fourth quarter worth $2,046,000. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

Banco Bilbao Vizcaya Argentaria Stock Performance

BBVA stock traded up $0.19 during trading on Monday, hitting $13.22. The company had a trading volume of 876,193 shares, compared to its average volume of 2,715,688. The firm has a 50-day moving average price of $13.23 and a 200-day moving average price of $11.21. The company has a quick ratio of 0.27, a current ratio of 1.01 and a debt-to-equity ratio of 1.16. The firm has a market cap of $77.18 billion, a PE ratio of 7.30, a price-to-earnings-growth ratio of 0.80 and a beta of 1.00. Banco Bilbao Vizcaya Argentaria, S.A. has a 1-year low of $9.23 and a 1-year high of $14.84.

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Banco Bilbao Vizcaya Argentaria (NYSE:BBVA - Get Free Report) last released its earnings results on Tuesday, February 4th. The bank reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.04. Banco Bilbao Vizcaya Argentaria had a return on equity of 17.49% and a net margin of 28.10%. On average, analysts expect that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 earnings per share for the current year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th will be paid a $0.4439 dividend. This represents a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, April 9th. This is a boost from Banco Bilbao Vizcaya Argentaria's previous semi-annual dividend of $0.11. Banco Bilbao Vizcaya Argentaria's dividend payout ratio (DPR) is 39.23%.

Analysts Set New Price Targets

Several analysts have recently issued reports on BBVA shares. StockNews.com upgraded Banco Bilbao Vizcaya Argentaria from a "hold" rating to a "buy" rating in a research note on Wednesday, April 9th. Kepler Capital Markets upgraded shares of Banco Bilbao Vizcaya Argentaria from a "reduce" rating to a "hold" rating in a report on Thursday, February 27th. Finally, Hsbc Global Res upgraded shares of Banco Bilbao Vizcaya Argentaria from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

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.