Lesa Sroufe & Co Invests $4.26 Million in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Lesa Sroufe & Co acquired a new stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 312,840 shares of the bank's stock, valued at approximately $4,261,000. Banco Bilbao Vizcaya Argentaria makes up approximately 4.3% of Lesa Sroufe & Co's portfolio, making the stock its 5th biggest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in BBVA. Symmetry Investments LP purchased a new position in Banco Bilbao Vizcaya Argentaria in the fourth quarter valued at about $27,647,000. Northern Trust Corp boosted its position in Banco Bilbao Vizcaya Argentaria by 48.6% in the fourth quarter. Northern Trust Corp now owns 7,418,877 shares of the bank's stock valued at $72,111,000 after buying an additional 2,424,880 shares during the last quarter. Millennium Management LLC boosted its position in Banco Bilbao Vizcaya Argentaria by 514.5% in the fourth quarter. Millennium Management LLC now owns 951,350 shares of the bank's stock valued at $9,247,000 after buying an additional 796,526 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Banco Bilbao Vizcaya Argentaria in the 4th quarter worth approximately $7,333,000. Finally, Bank of America Corp DE boosted its position in Banco Bilbao Vizcaya Argentaria by 13.7% in the 4th quarter. Bank of America Corp DE now owns 5,108,410 shares of the bank's stock worth $49,654,000 after purchasing an additional 613,563 shares in the last quarter. 2.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BBVA has been the subject of several research analyst reports. Wall Street Zen downgraded Banco Bilbao Vizcaya Argentaria from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Kepler Capital Markets raised Banco Bilbao Vizcaya Argentaria from a "reduce" rating to a "hold" rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy".

Banco Bilbao Vizcaya Argentaria Stock Up 3.3%

Shares of BBVA opened at $15.58 on Tuesday. The company has a market capitalization of $90.97 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 0.80 and a beta of 1.08. The company has a quick ratio of 0.27, a current ratio of 1.01 and a debt-to-equity ratio of 1.16. Banco Bilbao Vizcaya Argentaria, S.A. has a 52-week low of $9.23 and a 52-week high of $15.67. The stock has a fifty day simple moving average of $14.44 and a two-hundred day simple moving average of $12.70.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The bank reported $0.47 earnings per share for the quarter, hitting analysts' consensus estimates of $0.47. Banco Bilbao Vizcaya Argentaria had a return on equity of 17.49% and a net margin of 28.10%. The business had revenue of $10.61 billion during the quarter, compared to analysts' expectations of $9.12 billion. As a group, equities analysts forecast that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 EPS for the current year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, April 25th. Investors of record on Wednesday, April 9th were issued a dividend of $0.4439 per share. This represents a yield of 4.3%. This is a boost from Banco Bilbao Vizcaya Argentaria's previous semi-annual dividend of $0.11. The ex-dividend date was Wednesday, April 9th. Banco Bilbao Vizcaya Argentaria's dividend payout ratio (DPR) is 39.15%.

Banco Bilbao Vizcaya 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.

Want to see what other hedge funds are holding BBVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.