Rhumbline Advisers Sells 17,225 Shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)

Rhumbline Advisers reduced its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 15.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,647 shares of the bank's stock after selling 17,225 shares during the quarter. Rhumbline Advisers' holdings in Banco Bilbao Viscaya Argentaria were worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of BBVA. Huntington National Bank boosted its position in shares of Banco Bilbao Viscaya Argentaria by 96.7% during the fourth 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 last quarter. IFP Advisors Inc boosted its position in shares of Banco Bilbao Viscaya Argentaria by 20.7% during the fourth quarter. IFP Advisors Inc now owns 5,420 shares of the bank's stock worth $53,000 after acquiring an additional 930 shares during the last quarter. Quinn Opportunity Partners LLC bought a new position in shares of Banco Bilbao Viscaya Argentaria during the fourth quarter worth $97,000. Venturi Wealth Management LLC boosted its position in shares of Banco Bilbao Viscaya Argentaria by 901.1% during the fourth quarter. Venturi Wealth Management LLC now owns 10,061 shares of the bank's stock worth $98,000 after acquiring an additional 9,056 shares during the last quarter. Finally, Xponance Inc. bought a new position in shares of Banco Bilbao Viscaya Argentaria during the fourth quarter worth $102,000. 2.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Kepler Capital Markets upgraded shares of Banco Bilbao Viscaya Argentaria from a "reduce" rating to a "hold" rating in a research report on Thursday, February 27th. Wall Street Zen lowered shares of Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Two investment analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy".

Banco Bilbao Viscaya Argentaria Stock Up 1.3%

BBVA stock opened at $15.06 on Thursday. Banco Bilbao Viscaya Argentaria S.A. has a 52 week low of $9.23 and a 52 week high of $15.67. The company has a fifty day simple moving average of $14.53 and a two-hundred day simple moving average of $12.74. The firm has a market capitalization of $87.89 billion, a P/E ratio of 7.97, a price-to-earnings-growth ratio of 1.54 and a beta of 1.08.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The bank reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Banco Bilbao Viscaya Argentaria had a net margin of 28.85% and a return on equity of 17.97%. The business had revenue of $10.61 billion during the quarter, compared to analyst estimates of $9.12 billion. As a group, analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current year.

Banco Bilbao Viscaya Argentaria Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th were paid a $0.4439 dividend. The ex-dividend date was Wednesday, April 9th. This represents a dividend yield of 4.3%. This is an increase from Banco Bilbao Viscaya Argentaria's previous semi-annual dividend of $0.11. Banco Bilbao Viscaya Argentaria's dividend payout ratio is currently 39.15%.

Banco Bilbao Viscaya Argentaria Company 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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