Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Shares Gap Up - What's Next?

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $10.09, but opened at $10.45. Banco Bilbao Vizcaya Argentaria shares last traded at $10.43, with a volume of 296,936 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BBVA shares. Royal Bank of Canada upgraded shares of Banco Bilbao Vizcaya Argentaria to a "moderate buy" rating in a report on Wednesday, July 31st. Citigroup raised 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 issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Banco Bilbao Vizcaya Argentaria Stock Performance

The stock has a market cap of $60.31 billion, a P/E ratio of 5.99, a P/E/G ratio of 0.98 and a beta of 1.31. The business has a 50 day simple moving average of $10.29 and a 200-day simple moving average of $10.41.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, October 25th. Investors of record on Wednesday, October 9th were issued a $0.3244 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a yield of 5.6%. This is a positive change from Banco Bilbao Vizcaya Argentaria's previous Semi-Annual dividend of $0.11. Banco Bilbao Vizcaya Argentaria's dividend payout ratio (DPR) is 29.31%.

Hedge Funds Weigh In On Banco Bilbao Vizcaya Argentaria

Several hedge funds have recently made changes to their positions in BBVA. Clearbridge Investments LLC lifted its position in Banco Bilbao Vizcaya Argentaria by 172.8% during the second quarter. Clearbridge Investments LLC now owns 3,096,738 shares of the bank's stock valued at $31,060,000 after purchasing an additional 1,961,553 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of 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 worth $111,371,000 after acquiring an additional 619,836 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Banco Bilbao Vizcaya Argentaria by 9.9% in the second quarter. Envestnet Asset Management Inc. now owns 4,412,058 shares of the bank's stock worth $44,253,000 after acquiring an additional 396,829 shares in the last quarter. Raymond James & Associates increased its stake in Banco Bilbao Vizcaya Argentaria by 91.0% in the third quarter. Raymond James & Associates now owns 776,389 shares of the bank's stock valued at $8,416,000 after acquiring an additional 369,971 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Banco Bilbao Vizcaya Argentaria by 24.2% during the second 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. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

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.