Banco Bilbao Viscaya Argentaria S.A. $BBVA Shares Sold by Capital Research Global Investors

Key Points

• Capital Research Global Investors cut its stake in BBVA by 35.0% in Q3, selling 123,710 shares and leaving it with 229,295 shares valued at about $4.36 million.
• BBVA's quarterly results (released Feb 5) showed EPS $0.50 (in line with estimates) and revenue $11.49 billion (above consensus), while the stock was reported down 4.8% and carries a market cap of roughly $120.04 billion.
• The bank announced a dividend of $0.7084 per share payable Apr 27 (ex-div Apr 9), and analysts' consensus rating is an average "Hold" (two Buy, three Hold).

Capital Research Global Investors reduced its stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 35.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 229,295 shares of the bank's stock after selling 123,710 shares during the period. Capital Research Global Investors' holdings in Banco Bilbao Viscaya Argentaria were worth $4,363,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Navigoe LLC acquired a new stake in Banco Bilbao Viscaya Argentaria during the 3rd quarter valued at $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Banco Bilbao Viscaya Argentaria in the second quarter worth $30,000. Cornerstone Planning Group LLC raised its holdings in shares of 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 worth $32,000 after acquiring 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% in the third quarter. Salomon & Ludwin LLC now owns 2,348 shares of the bank's stock valued at $45,000 after acquiring an additional 2,272 shares in the last quarter. Finally, Westside Investment Management Inc. boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 100.0% during the third quarter. Westside Investment Management Inc. now owns 2,316 shares of the bank's stock valued at $45,000 after acquiring an additional 1,158 shares during the last quarter. Hedge funds and other institutional investors own 2.96% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Weiss Ratings reiterated a "buy (b+)" rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, December 29th. Royal Bank Of Canada cut shares of Banco Bilbao Viscaya Argentaria from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, January 28th. Wall Street Zen upgraded shares of Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a report on Saturday, February 21st. Finally, Zacks Research lowered shares of Banco Bilbao Viscaya Argentaria from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold".

Banco Bilbao Viscaya Argentaria Stock Down 4.8%

Shares of NYSE:BBVA opened at $20.83 on Friday. The company has a market cap of $120.04 billion, a P/E ratio of 10.57, a P/E/G ratio of 0.58 and a beta of 0.80. The business has a fifty day simple moving average of $23.73 and a 200-day simple moving average of $21.51. 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 released its earnings results on Thursday, February 5th. The bank reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. Banco Bilbao Viscaya Argentaria had a return on equity of 17.29% and a net margin of 28.43%.The firm had revenue of $11.49 billion for the quarter, compared to the consensus estimate of $10.74 billion. Sell-side analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current fiscal year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, April 27th. Stockholders of record on Thursday, April 9th will be issued a dividend of $0.7084 per share. This represents a dividend yield of 678.0%. The ex-dividend date is Thursday, April 9th. Banco Bilbao Viscaya Argentaria's dividend payout ratio is presently 30.46%.

Banco Bilbao Viscaya Argentaria Company 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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