Sagespring Wealth Partners LLC Purchases New Position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)

Sagespring Wealth Partners LLC acquired a new position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,410 shares of the bank's stock, valued at approximately $278,000.

Several other institutional investors have also added to or reduced their stakes in BBVA. Huntington National Bank increased 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 valued at $35,000 after buying an additional 1,778 shares during the period. IFP Advisors Inc boosted its position in Banco Bilbao Viscaya 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 acquiring an additional 930 shares in the last quarter. Quinn Opportunity Partners LLC purchased a new position in shares of Banco Bilbao Viscaya Argentaria during the 4th quarter worth approximately $97,000. Venturi Wealth Management LLC raised its position in shares of Banco Bilbao Viscaya Argentaria by 901.1% in the 4th 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 in the last quarter. Finally, Xponance Inc. purchased a new position in shares of Banco Bilbao Viscaya Argentaria in the 4th quarter valued at approximately $102,000. 2.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BBVA has been the topic of several recent research reports. Kepler Capital Markets raised Banco Bilbao Viscaya Argentaria from a "reduce" rating to a "hold" rating in a research note on Thursday, February 27th. Wall Street Zen cut shares of Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Two research 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, the company has a consensus rating of "Buy".

Banco Bilbao Viscaya Argentaria Stock Down 1.1%

Shares of BBVA stock traded down $0.17 during trading hours on Friday, hitting $14.91. 1,934,380 shares of the company's stock traded hands, compared to its average volume of 1,898,216. The stock's fifty day simple moving average is $14.62 and its two-hundred day simple moving average is $12.81. Banco Bilbao Viscaya Argentaria S.A. has a 12-month low of $9.23 and a 12-month high of $15.67. The stock has a market cap of $87.01 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 1.56 and a beta of 1.08.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The bank reported $0.47 earnings per share for the quarter, meeting analysts' consensus estimates of $0.47. Banco Bilbao Viscaya Argentaria had a return on equity of 17.97% and a net margin of 28.85%. The company had revenue of $10.61 billion during the quarter, compared to analyst estimates of $9.12 billion. On average, 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 Increases Dividend

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

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.