Banco Bilbao Viscaya Argentaria S.A. $BBVA Shares Purchased by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. increased its stake in Banco Bilbao Vizcaya Argentaria by 6.5% in Q3, acquiring 297,752 shares to hold 4,846,150 shares valued at about $93.29 million (roughly 0.08% of the company).
• Analyst coverage is mixed: RBC and Zacks downgraded the stock while Wall Street Zen and Weiss upgraded it, leaving a consensus rating of “Moderate Buy” (one Strong Buy, one Buy, three Holds).
• Dividend announced: BBVA will pay $0.7084 per share on April 27 to holders of record on April 9 (ex-dividend April 9), with a reported dividend payout ratio of 30.46%.

JPMorgan Chase & Co. boosted its position in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 6.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,846,150 shares of the bank's stock after acquiring an additional 297,752 shares during the period. JPMorgan Chase & Co. owned about 0.08% of Banco Bilbao Viscaya Argentaria worth $93,288,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Navigoe LLC purchased a new stake in Banco Bilbao Viscaya Argentaria during the 3rd quarter worth about $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Banco Bilbao Viscaya Argentaria during the second quarter worth approximately $30,000. Cornerstone Planning Group LLC increased its stake in Banco Bilbao Viscaya Argentaria by 183.2% in the third quarter. Cornerstone Planning Group LLC now owns 1,597 shares of the bank's stock valued at $32,000 after purchasing an additional 1,033 shares during the last quarter. Salomon & Ludwin LLC lifted its position in shares of Banco Bilbao Viscaya Argentaria by 2,989.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 2,348 shares of the bank's stock worth $45,000 after buying an additional 2,272 shares during the last quarter. Finally, Westside Investment Management Inc. raised its stake in Banco Bilbao Viscaya Argentaria by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 2,316 shares of the bank's stock worth $45,000 after acquiring an additional 1,158 shares in the last quarter. Institutional investors and hedge funds own 2.96% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Royal Bank Of Canada lowered Banco Bilbao Viscaya Argentaria from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 28th. Zacks Research cut Banco Bilbao Viscaya Argentaria from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 10th. Wall Street Zen upgraded Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a research note on Saturday, February 21st. Finally, Weiss Ratings raised Banco Bilbao Viscaya Argentaria from a "buy (b+)" rating to a "buy (a-)" rating in a report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

Banco Bilbao Viscaya Argentaria Stock Down 0.1%

NYSE BBVA opened at $20.89 on Wednesday. The firm has a market cap of $120.41 billion, a P/E ratio of 10.61, a P/E/G ratio of 0.55 and a beta of 0.80. Banco Bilbao Viscaya Argentaria S.A. has a 52-week low of $11.59 and a 52-week high of $26.20. The business's 50-day moving average price is $23.55 and its 200 day moving average price is $21.61.

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

Banco Bilbao Viscaya Argentaria Announces Dividend

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.