Cresset Asset Management LLC Sells 224,442 Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Cresset Asset Management LLC cut its position in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA - Free Report) by 73.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,328 shares of the bank's stock after selling 224,442 shares during the period. Cresset Asset Management LLC's holdings in Banco Bilbao Vizcaya Argentaria were worth $800,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in shares of Banco Bilbao Vizcaya Argentaria by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,481,085 shares of the bank's stock worth $111,596,000 after buying an additional 163,044 shares during the period. Northern Trust Corp boosted its position in shares of Banco Bilbao Vizcaya Argentaria by 48.6% in the 4th quarter. Northern Trust Corp now owns 7,418,877 shares of the bank's stock worth $72,111,000 after purchasing an additional 2,424,880 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Banco Bilbao Vizcaya Argentaria by 13.7% in the 4th quarter. Bank of America Corp DE now owns 5,108,410 shares of the bank's stock worth $49,654,000 after purchasing an additional 613,563 shares in the last quarter. Symmetry Investments LP acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria in the 4th quarter worth $27,647,000. Finally, American Century Companies Inc. lifted its position in Banco Bilbao Vizcaya Argentaria by 7.5% during the 4th quarter. American Century Companies Inc. now owns 2,226,849 shares of the bank's stock worth $21,645,000 after acquiring an additional 156,006 shares during the period. 2.96% of the stock is owned by institutional investors.

Banco Bilbao Vizcaya Argentaria Price Performance

Shares of Banco Bilbao Vizcaya Argentaria stock opened at $14.49 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 1.01 and a debt-to-equity ratio of 1.16. Banco Bilbao Vizcaya Argentaria, S.A. has a twelve month low of $9.23 and a twelve month high of $14.84. The business has a 50-day moving average price of $13.73 and a 200 day moving average price of $11.76. The firm has a market cap of $84.56 billion, a PE ratio of 8.00, a P/E/G ratio of 0.80 and a beta of 1.05.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The bank reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Banco Bilbao Vizcaya Argentaria had a return on equity of 17.49% and a net margin of 28.10%. The firm had revenue of $10.61 billion during the quarter, compared to analyst estimates of $9.12 billion. Sell-side analysts predict that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 earnings per share for the current fiscal year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, April 25th. Investors of record on Wednesday, April 9th were paid a $0.4439 dividend. This represents a dividend yield of 4.3%. The ex-dividend date of this dividend was Wednesday, April 9th. This is a positive change from Banco Bilbao Vizcaya Argentaria's previous semi-annual dividend of $0.11. Banco Bilbao Vizcaya Argentaria's payout ratio is currently 39.15%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BBVA. StockNews.com lowered Banco Bilbao Vizcaya Argentaria from a "buy" rating to a "hold" rating in a research note on Friday. Kepler Capital Markets upgraded Banco Bilbao Vizcaya Argentaria from a "reduce" rating to a "hold" rating in a research note on Thursday, February 27th. Finally, Hsbc Global Res upgraded Banco Bilbao Vizcaya Argentaria from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Banco Bilbao Vizcaya Argentaria has a consensus rating of "Moderate Buy".

Banco Bilbao Vizcaya Argentaria 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.

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