Summit Global Investments cut its stake in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA - Free Report) by 66.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,775 shares of the bank's stock after selling 361,021 shares during the period. Summit Global Investments' holdings in Banco Bilbao Vizcaya Argentaria were worth $2,435,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. GAMMA Investing LLC increased its position in shares of Banco Bilbao Vizcaya Argentaria by 1,922.4% during the 1st quarter. GAMMA Investing LLC now owns 219,759 shares of the bank's stock valued at $2,993,000 after purchasing an additional 208,893 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Banco Bilbao Vizcaya Argentaria by 552.8% during the 1st quarter. Versant Capital Management Inc now owns 36,124 shares of the bank's stock valued at $492,000 after purchasing an additional 30,590 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Banco Bilbao Vizcaya Argentaria by 20.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 33,545 shares of the bank's stock valued at $326,000 after purchasing an additional 5,735 shares during the last quarter. Forum Financial Management LP increased its position in shares of Banco Bilbao Vizcaya Argentaria by 10.3% during the 4th quarter. Forum Financial Management LP now owns 70,543 shares of the bank's stock valued at $686,000 after purchasing an additional 6,614 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria during the 4th quarter valued at $223,000. 2.96% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
BBVA has been the subject of several research analyst reports. Wall Street Zen lowered Banco Bilbao Vizcaya Argentaria from a "buy" rating to a "hold" rating in a research report on Friday. Kepler Capital Markets raised Banco Bilbao Vizcaya Argentaria from a "reduce" rating to a "hold" rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy".
View Our Latest Analysis on Banco Bilbao Vizcaya Argentaria
Banco Bilbao Vizcaya Argentaria Stock Performance
BBVA traded down $0.05 during trading hours on Friday, hitting $15.05. The stock had a trading volume of 1,926,414 shares, compared to its average volume of 1,793,835. The company's fifty day simple moving average is $14.00 and its 200 day simple moving average is $12.26. Banco Bilbao Vizcaya Argentaria, S.A. has a 1 year low of $9.23 and a 1 year high of $15.66. The stock has a market cap of $87.86 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 0.80 and a beta of 1.05. 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 (NYSE:BBVA - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The bank reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Banco Bilbao Vizcaya Argentaria had a return on equity of 17.49% and a net margin of 28.10%. The company had revenue of $10.61 billion during the quarter, compared to analyst estimates of $9.12 billion. Equities analysts anticipate that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 earnings per share for the current year.
Banco Bilbao Vizcaya Argentaria Increases Dividend
The company also recently disclosed a semi-annual dividend, which was paid on Friday, April 25th. Investors of record on Wednesday, April 9th were issued a $0.4439 dividend. The ex-dividend date was Wednesday, April 9th. This represents a yield of 4.3%. This is a positive change from Banco Bilbao Vizcaya Argentaria's previous semi-annual dividend of $0.11. Banco Bilbao Vizcaya Argentaria's dividend payout ratio (DPR) is 39.15%.
Banco Bilbao Vizcaya Argentaria 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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