Ritholtz Wealth Management Grows Stock Holdings in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• Ritholtz Wealth Management increased its holdings in Banco Bilbao Viscaya Argentaria S.A. by 5.3% in the second quarter, now owning 503,403 shares valued at approximately $7.7 million.
• Banco Bilbao Viscaya Argentaria announced a dividend of $0.3736 per share to be paid on November 24, 2023, with a yield of 395.0% and a payout ratio of 38.95%.
• The stock recently received several upgrades from analysts, improving its consensus rating to "Buy", with one analyst issuing a Strong Buy rating.

Ritholtz Wealth Management lifted its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 5.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 503,403 shares of the bank's stock after buying an additional 25,229 shares during the quarter. Ritholtz Wealth Management's holdings in Banco Bilbao Viscaya Argentaria were worth $7,737,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Sagespring Wealth Partners LLC grew its position in Banco Bilbao Viscaya Argentaria by 17.8% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 24,044 shares of the bank's stock valued at $370,000 after acquiring an additional 3,634 shares in the last quarter. Naviter Wealth LLC boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 4.4% in the second quarter. Naviter Wealth LLC now owns 139,672 shares of the bank's stock valued at $2,147,000 after purchasing an additional 5,843 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 22.9% in the second quarter. Sequoia Financial Advisors LLC now owns 79,683 shares of the bank's stock valued at $1,225,000 after purchasing an additional 14,858 shares in the last quarter. Yousif Capital Management LLC increased its stake in Banco Bilbao Viscaya Argentaria by 8.6% during the 2nd quarter. Yousif Capital Management LLC now owns 96,991 shares of the bank's stock worth $1,491,000 after buying an additional 7,695 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Banco Bilbao Viscaya Argentaria by 1.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 43,444 shares of the bank's stock worth $668,000 after buying an additional 670 shares in the last quarter. Institutional investors and hedge funds own 2.96% of the company's stock.

Banco Bilbao Viscaya Argentaria Stock Up 1.2%

Banco Bilbao Viscaya Argentaria stock opened at $18.57 on Wednesday. The stock has a market cap of $108.38 billion, a PE ratio of 9.77, a P/E/G ratio of 0.97 and a beta of 1.19. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01. The stock's fifty day moving average is $18.73 and its two-hundred day moving average is $16.08. Banco Bilbao Viscaya Argentaria S.A. has a 1-year low of $9.23 and a 1-year high of $19.42.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The bank reported $0.52 EPS for the quarter, beating 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 the consensus estimate of $10.24 billion. On average, sell-side analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 6th will be issued a dividend of $0.3736 per share. 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 presently 38.95%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a research note on Saturday. Barclays raised Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a research note on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently 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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