Freedom Investment Management Inc. Makes New $682,000 Investment in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• Freedom Investment Management Inc. has acquired a new stake in Banco Bilbao Viscaya Argentaria S.A., investing approximately $682,000 for 44,389 shares in the second quarter.
• Banco Bilbao Viscaya Argentaria recently announced a dividend of $0.3736 per share to be paid on November 24th, with a record date of November 6th.
• Analyst ratings for BBVA include one Strong Buy, two Buy, and two Hold, indicating a consensus rating of "Moderate Buy".

Freedom Investment Management Inc. acquired a new stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 44,389 shares of the bank's stock, valued at approximately $682,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Financial Management Professionals Inc. boosted its stake in Banco Bilbao Viscaya Argentaria by 105.9% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,845 shares of the bank's stock worth $28,000 after buying an additional 949 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in Banco Bilbao Viscaya Argentaria in the 1st quarter worth about $29,000. Private Trust Co. NA boosted its stake in Banco Bilbao Viscaya Argentaria by 224.7% in the 1st quarter. Private Trust Co. NA now owns 2,607 shares of the bank's stock worth $36,000 after buying an additional 1,804 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in Banco Bilbao Viscaya Argentaria in the first quarter valued at $46,000. Finally, Bessemer Group Inc. grew its position in Banco Bilbao Viscaya Argentaria by 25.3% during the first quarter. Bessemer Group Inc. now owns 3,901 shares of the bank's stock valued at $53,000 after acquiring an additional 787 shares during the period. 2.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BBVA shares. Weiss Ratings reissued a "buy (b)" rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Wednesday, October 8th. Wall Street Zen downgraded Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research report on Sunday, October 19th. Barclays raised Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a research report on Thursday, August 7th. Finally, Morgan Stanley assumed coverage on Banco Bilbao Viscaya Argentaria in a research report on Tuesday. They set an "equal weight" rating for the company. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Banco Bilbao Viscaya Argentaria Trading Down 0.2%

Shares of BBVA opened at $19.62 on Friday. The stock's 50-day moving average is $18.88 and its two-hundred day moving average is $16.42. The stock has a market cap of $114.51 billion, a PE ratio of 10.32, a P/E/G ratio of 1.03 and a beta of 1.19. Banco Bilbao Viscaya Argentaria S.A. has a 12 month low of $9.23 and a 12 month high of $20.16. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last announced 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 return on equity of 17.61% and a net margin of 29.17%.The business had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.24 billion. Equities analysts forecast 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 announced a dividend, which will be paid on Monday, November 24th. Stockholders of record on Thursday, November 6th will be given a dividend of $0.3736 per share. This represents a dividend yield of 395.0%. The ex-dividend date of this dividend is Thursday, November 6th. Banco Bilbao Viscaya Argentaria's payout ratio is presently 31.58%.

Banco Bilbao Viscaya Argentaria Profile

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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