Banco Bilbao Viscaya Argentaria S.A. $BBVA Position Decreased by Altrius Capital Management Inc

Key Points

• Altrius Capital Management cut its stake in Banco Bilbao Vizcaya Argentaria by 12.8% in the fourth quarter, selling 66,660 shares and leaving it with 454,560 shares worth $10.596 million, making BBVA its second-largest holding (2.2% of the portfolio).
• Other institutional moves included JPMorgan Chase boosting its stake by 6.5% to 4,846,150 shares (≈$93.29M) and new or increased positions from firms like Mirae Asset, Archford and Dynasty, while hedge funds and institutions collectively own about 2.96% of BBVA.
• BBVA fundamentals: the stock trades near $22.01 with a market cap of $125.63 billion and a P/E of 10.48; the bank reported $0.59 EPS for the quarter and recently paid a dividend of $0.7084 per share (payout ratio 57.87%).

Altrius Capital Management Inc decreased its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 12.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 454,560 shares of the bank's stock after selling 66,660 shares during the period. Banco Bilbao Viscaya Argentaria comprises 2.2% of Altrius Capital Management Inc's portfolio, making the stock its 2nd largest holding. Altrius Capital Management Inc's holdings in Banco Bilbao Viscaya Argentaria were worth $10,596,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BBVA. Dynasty Wealth Management LLC purchased a new stake in Banco Bilbao Viscaya Argentaria during the third quarter worth about $876,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Banco Bilbao Viscaya Argentaria during the third quarter worth about $2,478,000. Archford Capital Strategies LLC purchased a new stake in Banco Bilbao Viscaya Argentaria during the fourth quarter worth about $3,286,000. JPMorgan Chase & Co. boosted its holdings in Banco Bilbao Viscaya Argentaria by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 4,846,150 shares of the bank's stock worth $93,288,000 after buying an additional 297,752 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its holdings in Banco Bilbao Viscaya Argentaria by 50.4% during the third quarter. Evergreen Capital Management LLC now owns 79,135 shares of the bank's stock worth $1,523,000 after buying an additional 26,508 shares in the last quarter. Hedge funds and other institutional investors own 2.96% of the company's stock.

Banco Bilbao Viscaya Argentaria Trading Up 0.0%

Shares of BBVA opened at $22.01 on Monday. The stock has a market cap of $125.63 billion, a P/E ratio of 10.48, a PEG ratio of 0.58 and a beta of 0.81. The company has a 50-day moving average of $22.05 and a two-hundred day moving average of $22.34. Banco Bilbao Viscaya Argentaria S.A. has a 12-month low of $13.71 and a 12-month high of $26.20.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last announced its earnings results on Tuesday, March 31st. The bank reported $0.59 earnings per share (EPS) for the quarter. The company had revenue of $12.33 billion during the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 28.21% and a return on equity of 17.69%. As a group, analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 2.26 EPS for the current fiscal year.

Banco Bilbao Viscaya Argentaria Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, April 27th. Shareholders of record on Thursday, April 9th were given a dividend of $0.7084 per share. The ex-dividend date was Thursday, April 9th. This represents a yield of 626.0%. Banco Bilbao Viscaya Argentaria's payout ratio is presently 57.87%.

Wall Street Analysts Forecast Growth

BBVA has been the topic of a number of research analyst reports. Weiss Ratings downgraded shares of Banco Bilbao Viscaya Argentaria from a "buy (a-)" rating to a "buy (b+)" rating in a report on Thursday, April 2nd. Zacks Research downgraded shares of Banco Bilbao Viscaya Argentaria from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 10th. Barclays downgraded shares of Banco Bilbao Viscaya Argentaria from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 15th. Wall Street Zen raised shares of Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a report on Saturday, February 21st. Finally, UBS Group restated a "neutral" rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold".

Banco Bilbao Viscaya Argentaria Profile

Banco Bilbao Vizcaya Argentaria NYSE: BBVA is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank traces its roots to several historic regional banks and was formed through a series of mergers that consolidated its position as one of Spain's largest banking groups. BBVA operates as a universal bank offering a broad range of financial services to retail, corporate and institutional clients.

BBVA's core businesses include retail and commercial banking, corporate and investment banking, private banking and wealth management, asset management, and insurance.

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