Point72 Asset Management L.P. raised its stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA - Free Report) by 122.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 307,720 shares of the bank's stock after acquiring an additional 169,220 shares during the quarter. Point72 Asset Management L.P.'s holdings in Banco Bilbao Vizcaya Argentaria were worth $2,991,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Huntington National Bank lifted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 96.7% during the 4th quarter. Huntington National Bank now owns 3,616 shares of the bank's stock worth $35,000 after acquiring an additional 1,778 shares during the period. Barclays PLC acquired a new position in Banco Bilbao Vizcaya Argentaria during the third quarter worth approximately $41,000. Avion Wealth purchased a new position in Banco Bilbao Vizcaya Argentaria during the fourth quarter worth approximately $39,000. Sierra Ocean LLC acquired a new position in shares of Banco Bilbao Vizcaya Argentaria in the 4th quarter valued at $49,000. Finally, IFP Advisors Inc grew its stake in shares of Banco Bilbao Vizcaya Argentaria by 20.7% during the 4th quarter. IFP Advisors Inc now owns 5,420 shares of the bank's stock valued at $53,000 after buying an additional 930 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 research reports. Hsbc Global Res raised Banco Bilbao Vizcaya Argentaria from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Wall Street Zen upgraded Banco Bilbao Vizcaya Argentaria from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Finally, Kepler Capital Markets raised Banco Bilbao Vizcaya Argentaria from a "reduce" rating to a "hold" rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".
Read Our Latest Stock Analysis on BBVA
Banco Bilbao Vizcaya Argentaria Stock Down 1.6%
Shares of BBVA traded down $0.24 during mid-day trading on Monday, reaching $15.16. 2,041,960 shares of the stock traded hands, compared to its average volume of 1,786,982. The stock has a fifty day simple moving average of $13.92 and a 200 day simple moving average of $12.08. The company has a quick ratio of 0.27, a current ratio of 1.01 and a debt-to-equity ratio of 1.16. The firm has a market cap of $88.50 billion, a price-to-earnings ratio of 8.38, a P/E/G ratio of 0.80 and a beta of 1.05. Banco Bilbao Vizcaya Argentaria, S.A. has a 12-month low of $9.23 and a 12-month high of $15.66.
Banco Bilbao Vizcaya Argentaria (NYSE:BBVA - Get Free Report) last released its earnings results on Tuesday, April 29th. The bank reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. The company had revenue of $10.61 billion during the quarter, compared to the consensus estimate of $9.12 billion. Banco Bilbao Vizcaya Argentaria had a net margin of 28.10% and a return on equity of 17.49%. Sell-side analysts expect that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 EPS for the current fiscal year.
Banco Bilbao Vizcaya Argentaria Increases Dividend
The firm also recently announced a semi-annual dividend, which was paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th were paid a dividend of $0.4439 per share. This is a positive change from Banco Bilbao Vizcaya Argentaria's previous semi-annual dividend of $0.11. The ex-dividend date was Wednesday, April 9th. This represents a yield of 4.3%. Banco Bilbao Vizcaya Argentaria's payout ratio is presently 39.15%.
Banco Bilbao Vizcaya Argentaria Company Profile
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Free Report)
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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