Banco Bilbao Vizcaya Argentaria S.A. $BBVA Holdings Decreased by Ethic Inc.

Key Points

• Ethic Inc. cut its BBVA stake by 10.6% in the third quarter, selling 57,448 shares and ending the period with 483,393 shares valued at about $13.5 million.
• Other institutional investors reported a mix of buying and selling; institutional investors and hedge funds collectively own 2.96% of the bank’s shares.
• Analyst opinion is mostly cautious: four analysts rate BBVA a Buy, eight a Hold and one a Sell, giving the stock an overall Hold rating.

Ethic Inc. reduced its stake in shares of Banco Bilbao Vizcaya Argentaria S.A. (NYSE:BBVA - Free Report) by 10.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 483,393 shares of the bank's stock after selling 57,448 shares during the quarter. Ethic Inc.'s holdings in Banco Bilbao Vizcaya Argentaria were worth $13,472,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of BBVA. Parallel Advisors LLC grew its position in Banco Bilbao Vizcaya Argentaria by 4.1% in the 3rd quarter. Parallel Advisors LLC now owns 37,301 shares of the bank's stock valued at $1,040,000 after buying an additional 1,477 shares in the last quarter. May Hill Capital LLC acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria in the 3rd quarter worth approximately $224,000. Richardson Financial Services Inc. boosted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 21.8% in the third quarter. Richardson Financial Services Inc. now owns 3,245 shares of the bank's stock valued at $90,000 after acquiring an additional 581 shares in the last quarter. Ascent Group LLC boosted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 2.5% in the third quarter. Ascent Group LLC now owns 34,826 shares of the bank's stock valued at $971,000 after acquiring an additional 855 shares in the last quarter. Finally, JCIC Asset Management Inc. increased its stake in shares of Banco Bilbao Vizcaya Argentaria by 5.2% during the third quarter. JCIC Asset Management Inc. now owns 145,765 shares of the bank's stock valued at $4,062,000 after acquiring an additional 7,200 shares during the period. Institutional investors and hedge funds own 2.96% of the company's stock.

Wall Street Analysts Forecast Growth

BBVA has been the topic of several recent analyst reports. The Goldman Sachs Group reissued a "buy" rating on shares of Banco Bilbao Vizcaya Argentaria in a report on Wednesday, August 5th. UBS Group restated a "neutral" rating on shares of Banco Bilbao Vizcaya Argentaria in a research report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft lowered Banco Bilbao Vizcaya Argentaria from a "buy" rating to a "hold" rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. reiterated a "buy" rating on shares of Banco Bilbao Vizcaya Argentaria in a research report on Thursday, September 24th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Banco Bilbao Vizcaya Argentaria in a research note on Thursday, September 17th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Banco Bilbao Vizcaya Argentaria presently has an average rating of "Hold".

Banco Bilbao Vizcaya Argentaria Trading Up 0.1%

Shares of NYSE BBVA opened at $25.07 on Monday. Banco Bilbao Vizcaya Argentaria S.A. has a twelve month low of $20.10 and a twelve month high of $29.64. The firm has a 50-day moving average of $27.06 and a two-hundred day moving average of $24.80. The company has a market capitalization of $139.89 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 0.66 and a beta of 0.85.

Banco Bilbao Vizcaya Argentaria Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 14th were issued a $0.4168 dividend. This represents a dividend yield of 324.0%. The ex-dividend date was Wednesday, October 14th. Banco Bilbao Vizcaya Argentaria's payout ratio is presently 29.00%.

Banco Bilbao Vizcaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria, SA NYSE: BBVA is a global financial services group headquartered in Bilbao, Spain. The bank traces its origins to Banco de Bilbao, founded in 1857, and adopted the BBVA name in 1999 following the merger of Banco Bilbao Vizcaya and Argentaria.

BBVA provides retail and commercial banking services, including checking and savings accounts, consumer and mortgage lending, credit cards, payments, and digital banking. It also serves businesses and institutions through corporate and investment banking, transaction banking, capital markets, and advisory services.

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