Capital World Investors Boosts Stake in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• Capital World Investors boosted its stake in Banco Bilbao Viscaya Argentaria (NYSE: BBVA) by 20.6% in Q3, buying an additional 63,670 shares to hold 372,149 shares worth about $7.08 million.
• BBVA reported Q results with EPS of $0.50 (meeting estimates) and revenue of $11.49 billion (beating the $10.74B consensus), with a net margin of 28.43% and ROE of 17.29%.
• The bank announced a dividend of $0.7084 per share payable April 27 (ex-dividend April 9); the filing lists a dividend yield of 678.0% and a payout ratio of 30.46%.

Capital World Investors boosted its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 20.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 372,149 shares of the bank's stock after purchasing an additional 63,670 shares during the period. Capital World Investors' holdings in Banco Bilbao Viscaya Argentaria were worth $7,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Capital International Investors lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 0.6% during the 3rd quarter. Capital International Investors now owns 6,616,619 shares of the bank's stock worth $125,914,000 after acquiring an additional 40,320 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Banco Bilbao Viscaya Argentaria by 25.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 91,610 shares of the bank's stock valued at $1,763,000 after acquiring an additional 18,729 shares during the period. Private Advisor Group LLC grew its position in Banco Bilbao Viscaya Argentaria by 19.5% in the 3rd quarter. Private Advisor Group LLC now owns 21,753 shares of the bank's stock valued at $419,000 after acquiring an additional 3,545 shares during the last quarter. Diversify Advisory Services LLC increased its stake in Banco Bilbao Viscaya Argentaria by 9.7% in the third quarter. Diversify Advisory Services LLC now owns 42,007 shares of the bank's stock worth $835,000 after purchasing an additional 3,700 shares during the period. Finally, Rathbones Group PLC lifted its position in shares of Banco Bilbao Viscaya Argentaria by 250.8% during the third quarter. Rathbones Group PLC now owns 246,151 shares of the bank's stock worth $4,738,000 after purchasing an additional 175,976 shares during the last quarter. Institutional investors own 2.96% of the company's stock.

Banco Bilbao Viscaya Argentaria Price Performance

BBVA stock opened at $20.83 on Friday. Banco Bilbao Viscaya Argentaria S.A. has a 1-year low of $11.59 and a 1-year high of $26.20. The business has a 50-day moving average price of $23.73 and a 200 day moving average price of $21.51. The company has a market capitalization of $120.04 billion, a P/E ratio of 10.57, a PEG ratio of 0.58 and a beta of 0.80.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last issued its earnings results on Thursday, February 5th. The bank reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. Banco Bilbao Viscaya Argentaria had a net margin of 28.43% and a return on equity of 17.29%. The company had revenue of $11.49 billion for the quarter, compared to analysts' expectations of $10.74 billion. On average, analysts anticipate 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 firm also recently disclosed a dividend, which will be paid on Monday, April 27th. Stockholders of record on Thursday, April 9th will be paid a dividend of $0.7084 per share. The ex-dividend date is Thursday, April 9th. This represents a dividend yield of 678.0%. Banco Bilbao Viscaya Argentaria's dividend payout ratio (DPR) is currently 30.46%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Royal Bank Of Canada cut shares of Banco Bilbao Viscaya Argentaria from an "outperform" rating to a "sector perform" rating in a report 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. Weiss Ratings restated a "buy (b+)" rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, December 29th. 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 research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock 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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