Summit Global Investments Acquires 55,887 Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Summit Global Investments raised its holdings in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA - Free Report) by 27.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 262,632 shares of the bank's stock after buying an additional 55,887 shares during the period. Summit Global Investments' holdings in Banco Bilbao Vizcaya Argentaria were worth $2,847,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Rothschild Investment LLC purchased a new position in Banco Bilbao Vizcaya Argentaria during the 2nd quarter valued at about $40,000. Ashton Thomas Private Wealth LLC acquired a new position in Banco Bilbao Vizcaya Argentaria in the second quarter valued at $43,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of Banco Bilbao Vizcaya Argentaria by 67.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,924 shares of the bank's stock worth $49,000 after acquiring an additional 1,990 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Banco Bilbao Vizcaya Argentaria by 48.2% during the 1st quarter. Russell Investments Group Ltd. now owns 5,788 shares of the bank's stock valued at $69,000 after buying an additional 1,882 shares during the period. Finally, Reston Wealth Management LLC purchased a new position in shares of Banco Bilbao Vizcaya Argentaria in the 3rd quarter worth $72,000. 2.96% of the stock is currently owned by institutional investors and hedge funds.

Banco Bilbao Vizcaya Argentaria Trading Down 2.5 %

BBVA stock traded down $0.25 during trading hours on Friday, hitting $9.77. 1,791,649 shares of the stock traded hands, compared to its average volume of 1,487,957. The stock has a 50-day simple moving average of $10.26 and a 200 day simple moving average of $10.40. The company has a market cap of $57.04 billion, a P/E ratio of 5.76, a P/E/G ratio of 1.02 and a beta of 1.31. Banco Bilbao Vizcaya Argentaria, S.A. has a one year low of $8.39 and a one year high of $12.20.

Banco Bilbao Vizcaya Argentaria Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. StockNews.com downgraded shares of Banco Bilbao Vizcaya Argentaria from a "buy" rating to a "hold" rating in a research note on Monday. Royal Bank of Canada raised shares of Banco Bilbao Vizcaya Argentaria to a "moderate buy" rating in a report on Wednesday, July 31st. Finally, Citigroup upgraded 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, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

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.