Raymond James & Associates Purchases 369,971 Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Raymond James & Associates grew its stake in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA - Free Report) by 91.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 776,389 shares of the bank's stock after purchasing an additional 369,971 shares during the period. Raymond James & Associates' holdings in Banco Bilbao Vizcaya Argentaria were worth $8,416,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BBVA. Allspring Global Investments Holdings LLC purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria during the first quarter valued at $133,000. Norden Group LLC purchased a new stake in Banco Bilbao Vizcaya Argentaria in the 1st quarter worth about $979,000. Diversify Advisory Services LLC purchased a new stake in Banco Bilbao Vizcaya Argentaria in the 1st quarter worth about $1,013,000. PDS Planning Inc lifted its stake in Banco Bilbao Vizcaya Argentaria by 4.4% in the 1st quarter. PDS Planning Inc now owns 27,141 shares of the bank's stock worth $321,000 after acquiring an additional 1,150 shares in the last quarter. Finally, Moloney Securities Asset Management LLC increased its position in Banco Bilbao Vizcaya Argentaria by 6.6% in the 1st quarter. Moloney Securities Asset Management LLC now owns 16,192 shares of the bank's stock worth $192,000 after purchasing an additional 1,000 shares during the last quarter. 2.96% of the stock is owned by hedge funds and other institutional investors.

Banco Bilbao Vizcaya Argentaria Price Performance

Shares of BBVA stock traded up $0.10 during trading on Wednesday, reaching $9.85. The company had a trading volume of 1,095,792 shares, compared to its average volume of 1,468,042. The firm's 50 day simple moving average is $10.32 and its two-hundred day simple moving average is $10.43. Banco Bilbao Vizcaya Argentaria, S.A. has a one year low of $7.76 and a one year high of $12.20. The company has a market capitalization of $57.50 billion, a PE ratio of 6.64, a PEG ratio of 1.10 and a beta of 1.30.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The bank reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. Banco Bilbao Vizcaya Argentaria had a return on equity of 16.40% and a net margin of 27.55%. The business had revenue of $9.93 billion for the quarter. During the same period in the previous year, the business posted $0.36 earnings per share. Analysts forecast that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.75 earnings per share for the current year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, October 25th. Investors of record on Wednesday, October 9th were paid 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 of this dividend was Wednesday, October 9th. Banco Bilbao Vizcaya Argentaria's dividend payout ratio (DPR) is presently 34.69%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BBVA. Royal Bank of Canada raised Banco Bilbao Vizcaya Argentaria to a "moderate buy" rating in a research note on Wednesday, July 31st. Citigroup raised Banco Bilbao Vizcaya Argentaria to a "strong-buy" rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus 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.