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

Cresset Asset Management LLC trimmed its holdings in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA - Free Report) by 73.2% in the fourth quarter, according to 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 quarter. Cresset Asset Management LLC's holdings in Banco Bilbao Vizcaya Argentaria were worth $800,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BBVA. Symmetry Investments LP purchased a new stake in Banco Bilbao Vizcaya Argentaria in the fourth quarter worth $27,647,000. Northern Trust Corp increased its position in Banco Bilbao Vizcaya Argentaria by 48.6% in the fourth quarter. Northern Trust Corp now owns 7,418,877 shares of the bank's stock worth $72,111,000 after buying an additional 2,424,880 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Banco Bilbao Vizcaya Argentaria in the fourth quarter worth $7,333,000. Bank of America Corp DE increased its position in Banco Bilbao Vizcaya Argentaria by 13.7% in the fourth quarter. Bank of America Corp DE now owns 5,108,410 shares of the bank's stock worth $49,654,000 after buying an additional 613,563 shares during the last quarter. Finally, Norges Bank purchased a new stake in Banco Bilbao Vizcaya Argentaria in the fourth quarter worth $3,208,000. 2.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BBVA has been the subject of several recent research reports. Kepler Capital Markets upgraded Banco Bilbao Vizcaya Argentaria from a "reduce" rating to a "hold" rating in a research report on Thursday, February 27th. Hsbc Global Res upgraded Banco Bilbao Vizcaya Argentaria from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Finally, StockNews.com upgraded Banco Bilbao Vizcaya Argentaria from a "hold" rating to a "buy" rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Banco Bilbao Vizcaya Argentaria presently has a consensus rating of "Moderate Buy".

Banco Bilbao Vizcaya Argentaria Stock Performance

Shares of NYSE BBVA traded up $0.08 during mid-day trading on Friday, hitting $15.04. The company had a trading volume of 1,138,763 shares, compared to its average volume of 1,787,575. The company has a market capitalization of $87.77 billion, a price-to-earnings ratio of 8.31, a P/E/G ratio of 0.80 and a beta of 1.05. Banco Bilbao Vizcaya Argentaria, S.A. has a 1 year low of $9.23 and a 1 year high of $15.06. The company has a current ratio of 1.01, a quick ratio of 0.27 and a debt-to-equity ratio of 1.16. The stock's 50-day moving average price is $13.81 and its 200-day moving average price is $11.90.

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

Banco Bilbao Vizcaya Argentaria Increases Dividend

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

About Banco Bilbao Vizcaya Argentaria

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.