US Bancorp DE lifted its holdings in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 3.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 781,851 shares of the bank's stock after purchasing an additional 25,148 shares during the period. US Bancorp DE's holdings in Banco Bilbao Viscaya Argentaria were worth $12,017,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the stock. Focus Partners Wealth raised its position in Banco Bilbao Viscaya Argentaria by 4.3% in the 1st quarter. Focus Partners Wealth now owns 17,923 shares of the bank's stock worth $244,000 after purchasing an additional 732 shares during the last quarter. Beverly Hills Private Wealth LLC increased its position in Banco Bilbao Viscaya Argentaria by 3.5% in the first quarter. Beverly Hills Private Wealth LLC now owns 22,114 shares of the bank's stock worth $301,000 after purchasing an additional 740 shares during the period. Manchester Capital Management LLC grew its position in shares of Banco Bilbao Viscaya Argentaria by 19.2% during the 1st quarter. Manchester Capital Management LLC now owns 4,643 shares of the bank's stock worth $63,000 after buying an additional 748 shares during the period. UMB Bank n.a. boosted its stake in Banco Bilbao Viscaya Argentaria by 12.8% in the second quarter. UMB Bank n.a. now owns 6,574 shares of the bank's stock valued at $101,000 after acquiring an additional 748 shares during the last quarter. Finally, One Wealth Advisors LLC raised its position in shares of Banco Bilbao Viscaya Argentaria by 2.4% during the 2nd quarter. One Wealth Advisors LLC now owns 32,976 shares of the bank's stock valued at $507,000 after acquiring an additional 758 shares during the last quarter. 2.96% of the stock is owned by institutional investors.
Analysts Set New Price Targets
BBVA has been the topic of several recent research reports. Weiss Ratings restated a "buy (b)" rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Wednesday. Wall Street Zen upgraded Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Barclays upgraded Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy".
View Our Latest Analysis on BBVA
Banco Bilbao Viscaya Argentaria Stock Down 2.2%
Shares of Banco Bilbao Viscaya Argentaria stock opened at $18.07 on Friday. 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 business has a 50-day moving average of $18.68 and a two-hundred day moving average of $16.02. Banco Bilbao Viscaya Argentaria S.A. has a 1 year low of $9.23 and a 1 year high of $19.42. The company has a market capitalization of $105.46 billion, a P/E ratio of 9.51, a price-to-earnings-growth ratio of 0.95 and a beta of 1.19.
Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last announced its earnings results on Thursday, July 31st. The bank reported $0.52 EPS for the quarter, topping the consensus estimate of $0.47 by $0.05. The firm had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.24 billion. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. As a group, equities analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current year.
Banco Bilbao Viscaya Argentaria Dividend Announcement
The business also recently announced a dividend, which will be paid on Monday, November 24th. Investors of record on Thursday, November 6th will be paid a $0.3736 dividend. 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 is presently 38.95%.
Banco Bilbao Viscaya 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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