Banco Bilbao Viscaya Argentaria S.A. $BBVA Shares Purchased by Grantham Mayo Van Otterloo & Co. LLC

Key Points

• Grantham Mayo Van Otterloo & Co. LLC increased its BBVA stake by 36.5% to 299,219 shares (about $5.76M), and other institutions — notably Barclays, which added 185,558 shares — also materially increased positions.
• Analysts give BBVA an average rating of "Moderate Buy" (one Strong Buy, two Buy, two Hold), with recent upgrades from Weiss, Wall Street Zen and Zacks while RBC downgraded to sector perform.
• BBVA reported Q results with EPS $0.50 (in line) and revenue $11.49B (above expectations); the stock trades near $21.59 with a market cap of ~$124.4B, and the bank announced a $0.7084 dividend payable April 27 (ex-dividend April 9).

Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 36.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 299,219 shares of the bank's stock after buying an additional 80,033 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in Banco Bilbao Viscaya Argentaria were worth $5,760,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. HUB Investment Partners LLC raised its stake in shares of Banco Bilbao Viscaya Argentaria by 16.7% in the 3rd quarter. HUB Investment Partners LLC now owns 39,512 shares of the bank's stock valued at $761,000 after acquiring an additional 5,657 shares during the period. Ramirez Asset Management Inc. boosted its position in Banco Bilbao Viscaya Argentaria by 8.7% during the 3rd quarter. Ramirez Asset Management Inc. now owns 196,883 shares of the bank's stock worth $3,790,000 after purchasing an additional 15,796 shares during the period. Barclays PLC raised its position in Banco Bilbao Viscaya Argentaria by 6,533.7% in the third quarter. Barclays PLC now owns 188,398 shares of the bank's stock valued at $3,627,000 after purchasing an additional 185,558 shares during the period. William Blair Investment Management LLC lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 9.1% during the third quarter. William Blair Investment Management LLC now owns 171,824 shares of the bank's stock worth $3,308,000 after purchasing an additional 14,362 shares in the last quarter. Finally, Aprio Wealth Management LLC boosted its position in shares of Banco Bilbao Viscaya Argentaria by 4.0% in the third quarter. Aprio Wealth Management LLC now owns 25,403 shares of the bank's stock worth $489,000 after buying an additional 978 shares during the period. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BBVA has been the topic of several recent research reports. Weiss Ratings reissued a "buy (b+)" rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, December 29th. Wall Street Zen raised shares of Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a research report on Saturday, February 21st. Royal Bank Of Canada lowered shares of Banco Bilbao Viscaya Argentaria from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 28th. Finally, Zacks Research raised shares of Banco Bilbao Viscaya Argentaria from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

Banco Bilbao Viscaya Argentaria Stock Up 1.3%

Shares of BBVA stock opened at $21.59 on Tuesday. The company has a market cap of $124.44 billion, a P/E ratio of 10.96, a PEG ratio of 0.56 and a beta of 0.80. The business has a 50 day moving average of $23.84 and a two-hundred day moving average of $21.49. Banco Bilbao Viscaya Argentaria S.A. has a 52 week low of $11.59 and a 52 week high of $26.20.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The bank reported $0.50 earnings per share for the quarter, hitting analysts' consensus estimates of $0.50. Banco Bilbao Viscaya Argentaria had a return on equity of 17.29% and a net margin of 28.43%.The business had revenue of $11.49 billion for the quarter, compared to analysts' expectations of $10.74 billion. Analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, April 27th. Shareholders of record on Thursday, April 9th will be given a $0.7084 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a yield of 678.0%. Banco Bilbao Viscaya Argentaria's dividend payout ratio (DPR) is currently 30.46%.

About Banco Bilbao Viscaya Argentaria

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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