Concurrent Investment Advisors LLC Purchases New Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• Concurrent Investment Advisors LLC has acquired a new position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA), purchasing 15,268 shares valued at approximately $235,000.
• The bank reported an earnings per share (EPS) of $0.52 for the last quarter, exceeding analysts' expectations of $0.47, with a revenue of $10.30 billion.
• A 395.0% dividend yield has been announced, with a dividend of $0.3736 per share set to be paid on November 24th.

Concurrent Investment Advisors LLC purchased a new stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 15,268 shares of the bank's stock, valued at approximately $235,000.

Other large investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its stake in shares of Banco Bilbao Viscaya Argentaria by 10.2% during the first quarter. Goldman Sachs Group Inc. now owns 10,941,273 shares of the bank's stock valued at $149,020,000 after acquiring an additional 1,014,305 shares in the last quarter. Clark Capital Management Group Inc. grew its stake in shares of Banco Bilbao Viscaya Argentaria by 6.6% during the first quarter. Clark Capital Management Group Inc. now owns 5,578,381 shares of the bank's stock valued at $75,978,000 after acquiring an additional 347,564 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Banco Bilbao Viscaya Argentaria by 6.2% during the first quarter. American Century Companies Inc. now owns 2,364,451 shares of the bank's stock valued at $32,204,000 after acquiring an additional 137,602 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Banco Bilbao Viscaya Argentaria by 5.8% during the first quarter. Crossmark Global Holdings Inc. now owns 1,296,544 shares of the bank's stock valued at $17,659,000 after acquiring an additional 71,217 shares in the last quarter. Finally, QRG Capital Management Inc. grew its stake in shares of Banco Bilbao Viscaya Argentaria by 13.1% during the second quarter. QRG Capital Management Inc. now owns 988,459 shares of the bank's stock valued at $15,193,000 after acquiring an additional 114,756 shares in the last quarter. 2.96% of the stock is currently owned by institutional investors and hedge funds.

Banco Bilbao Viscaya Argentaria Stock Up 2.8%

NYSE:BBVA opened at $20.13 on Tuesday. The company has a market capitalization of $117.49 billion, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of 0.94 and a beta of 1.19. Banco Bilbao Viscaya Argentaria S.A. has a one year low of $9.23 and a one year high of $20.16. The stock has a 50-day simple moving average of $18.82 and a 200 day simple moving average of $16.26. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current ratio of 1.01.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last issued its earnings results on Thursday, July 31st. The bank reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.05. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. The firm had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.24 billion. Sell-side analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Banco Bilbao Viscaya Argentaria Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 6th will be issued a $0.3736 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a yield of 395.0%. Banco Bilbao Viscaya Argentaria's dividend payout ratio (DPR) is currently 38.95%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Barclays upgraded Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a research note on Thursday, August 7th. Wall Street Zen downgraded Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy".

About Banco Bilbao Viscaya Argentaria

Banco Bilbao Vizcaya Argentaria, SA provides retail banking, wholesale banking, and asset management services in the United States, Spain, Mexico, Turkey, South America, and internationally. The company offers savings account, demand deposits, and time deposits; and loan products, such as residential mortgages, other households, credit card loans, loans to enterprises and public sector, as well as consumer finance.

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