Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) Stock Rated "Hold" by Sell-Side Brokerages

Key Points

• BBVA has a consensus “Hold” rating: Seven of eight covering analysts rate the stock Hold, while one rates it Buy. Recent actions included downgrades from Keefe, Bruyette & Woods and Bank of America.
• Shares opened at $26.95, with a 12-month range of $17.90 to $29.64 and a market capitalization of approximately $150.4 billion. The bank reported quarterly EPS of $0.62 on $11.99 billion in revenue, and analysts expect full-year EPS of $2.42.
• BBVA declared a $0.4168 dividend payable October 26 to shareholders of record October 14; its reported payout ratio is 51.36%. Institutional ownership stands at 2.96%, with several investment firms increasing their positions.

Shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Get Free Report) have been given a consensus recommendation of "Hold" by the eight brokerages that are covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

Several brokerages have recently issued reports on BBVA. Keefe, Bruyette & Woods downgraded Banco Bilbao Viscaya Argentaria from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, August 12th. Bank of America downgraded Banco Bilbao Viscaya Argentaria from a "buy" rating to a "neutral" rating in a research report on Wednesday, July 15th. Weiss Ratings reiterated a "buy (b)" rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Friday, July 31st. Finally, Wall Street Zen upgraded Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th.

Banco Bilbao Viscaya Argentaria Price Performance

Shares of NYSE:BBVA opened at $26.95 on Tuesday. The company's fifty day moving average is $28.49 and its two-hundred day moving average is $25.08. The company has a market cap of $150.39 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 0.71 and a beta of 0.82. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.77. Banco Bilbao Viscaya Argentaria has a 12-month low of $17.90 and a 12-month high of $29.64.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last issued its earnings results on Tuesday, June 30th. The bank reported $0.62 earnings per share (EPS) for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 27.75% and a return on equity of 18.05%. The company had revenue of $11.99 billion during the quarter. Equities analysts expect that Banco Bilbao Viscaya Argentaria will post 2.42 earnings per share for the current fiscal year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, October 26th. Investors of record on Wednesday, October 14th will be given a $0.4168 dividend. This represents a yield of 309.0%. The ex-dividend date is Wednesday, October 14th. Banco Bilbao Viscaya Argentaria's payout ratio is 51.36%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in shares of Banco Bilbao Viscaya Argentaria by 4.9% in the first quarter. Bank of America Corp DE now owns 7,488,811 shares of the bank's stock valued at $162,208,000 after buying an additional 352,011 shares during the period. Quantinno Capital Management LP grew its position in Banco Bilbao Viscaya Argentaria by 23.3% in the first quarter. Quantinno Capital Management LP now owns 1,223,071 shares of the bank's stock valued at $26,492,000 after purchasing an additional 231,330 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 9.1% during the 1st quarter. Bank of New York Mellon Corp now owns 919,176 shares of the bank's stock worth $19,909,000 after buying an additional 76,694 shares during the last quarter. Capital Wealth Planning LLC grew its stake in Banco Bilbao Viscaya Argentaria by 54.7% in the fourth quarter. Capital Wealth Planning LLC now owns 741,337 shares of the bank's stock valued at $17,785,000 after purchasing an additional 262,248 shares in the last quarter. Finally, QRG Capital Management Inc. grew its stake in shares of Banco Bilbao Viscaya Argentaria by 13.0% in the second quarter. QRG Capital Management Inc. now owns 609,469 shares of the bank's stock valued at $15,273,000 after buying an additional 70,207 shares in the last quarter. 2.96% of the stock is currently owned by institutional investors.

Banco Bilbao Viscaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria, SA NYSE: BBVA is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank provides retail and commercial banking, corporate and investment banking, wealth management, asset management, payments and insurance services to individuals, businesses, institutions and public-sector clients.

BBVA traces its origins to Banco de Bilbao, founded in 1857. The modern group was formed through the merger of Banco Bilbao Vizcaya and Argentaria in 1999.

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