Summit Global Investments lifted its position in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA - Free Report) by 105.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 539,796 shares of the bank's stock after buying an additional 277,164 shares during the quarter. Summit Global Investments' holdings in Banco Bilbao Vizcaya Argentaria were worth $5,247,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in BBVA. IFP Advisors Inc boosted its position in Banco Bilbao Vizcaya Argentaria by 20.7% during the fourth quarter. IFP Advisors Inc now owns 5,420 shares of the bank's stock valued at $53,000 after purchasing an additional 930 shares in the last quarter. AdvisorNet Financial Inc lifted its position in shares of Banco Bilbao Vizcaya Argentaria by 5.5% during the fourth quarter. AdvisorNet Financial Inc now owns 21,044 shares of the bank's stock valued at $205,000 after buying an additional 1,100 shares during the last quarter. Chickasaw Capital Management LLC boosted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 2.6% in the 4th quarter. Chickasaw Capital Management LLC now owns 43,769 shares of the bank's stock valued at $425,000 after buying an additional 1,115 shares in the last quarter. Checchi Capital Advisers LLC grew its position in shares of Banco Bilbao Vizcaya Argentaria by 3.6% in the 4th quarter. Checchi Capital Advisers LLC now owns 38,717 shares of the bank's stock worth $376,000 after buying an additional 1,344 shares during the last quarter. Finally, Gallacher Capital Management LLC raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 2.7% during the 4th quarter. Gallacher Capital Management LLC now owns 53,581 shares of the bank's stock worth $521,000 after acquiring an additional 1,402 shares in the last quarter. 2.96% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. Hsbc Global Res raised Banco Bilbao Vizcaya Argentaria from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. StockNews.com cut Banco Bilbao Vizcaya Argentaria from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Finally, Kepler Capital Markets upgraded Banco Bilbao Vizcaya Argentaria from a "reduce" rating to a "hold" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".
Read Our Latest Analysis on Banco Bilbao Vizcaya Argentaria
Banco Bilbao Vizcaya Argentaria Stock Performance
Banco Bilbao Vizcaya Argentaria stock traded down $0.28 during trading hours on Wednesday, hitting $14.22. 1,847,872 shares of the stock traded hands, compared to its average volume of 1,790,354. Banco Bilbao Vizcaya Argentaria, S.A. has a 1 year low of $9.23 and a 1 year high of $14.84. The stock has a market capitalization of $82.99 billion, a price-to-earnings ratio of 7.85, a P/E/G ratio of 0.80 and a beta of 1.26. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.01 and a quick ratio of 0.27. The firm's 50 day moving average price is $12.66 and its 200-day moving average price is $10.95.
Banco Bilbao Vizcaya Argentaria (NYSE:BBVA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The bank reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. Banco Bilbao Vizcaya Argentaria had a net margin of 28.10% and a return on equity of 17.49%. As a group, equities analysts expect that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 EPS for the current fiscal year.
Banco Bilbao Vizcaya Argentaria Increases Dividend
The business also recently declared a semi-annual dividend, which will be paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.4439 per share. This is an increase from Banco Bilbao Vizcaya Argentaria's previous semi-annual dividend of $0.11. This represents a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, April 9th. Banco Bilbao Vizcaya Argentaria's dividend payout ratio (DPR) is currently 28.18%.
About Banco Bilbao Vizcaya Argentaria
(
Free Report)
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.
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