Optimum Investment Advisors bought a new stake in Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 89,949 shares of the bank’s stock, valued at approximately $752,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BBVA. Fisher Asset Management LLC boosted its holdings in Banco Bilbao Vizcaya Argentaria SA by 348,907.9% during the 2nd quarter. Fisher Asset Management LLC now owns 36,534,142 shares of the bank’s stock valued at $305,425,000 after acquiring an additional 36,523,674 shares during the period. Aristotle Capital Management LLC grew its position in Banco Bilbao Vizcaya Argentaria SA by 12.2% during the 1st quarter. Aristotle Capital Management LLC now owns 33,750,761 shares of the bank’s stock worth $256,911,000 after acquiring an additional 3,676,506 shares during the last quarter. Harding Loevner LP grew its position in Banco Bilbao Vizcaya Argentaria SA by 6.3% during the 2nd quarter. Harding Loevner LP now owns 27,419,425 shares of the bank’s stock worth $229,227,000 after acquiring an additional 1,615,684 shares during the last quarter. Bank of America Corp DE grew its position in Banco Bilbao Vizcaya Argentaria SA by 24.9% during the 1st quarter. Bank of America Corp DE now owns 10,489,427 shares of the bank’s stock worth $79,825,000 after acquiring an additional 2,092,037 shares during the last quarter. Finally, Morgan Stanley increased its stake in Banco Bilbao Vizcaya Argentaria SA by 6.9% in the 1st quarter. Morgan Stanley now owns 5,345,129 shares of the bank’s stock worth $40,676,000 after purchasing an additional 343,494 shares during the period.

Shares of Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) traded down 3.195% on Monday, reaching $8.635. 1,266,030 shares of the company’s stock traded hands. The stock has a 50-day moving average of $8.90 and a 200 day moving average of $8.30. The firm has a market cap of $57.51 billion and a P/E ratio of 12.717. Banco Bilbao Vizcaya Argentaria SA has a 12-month low of $5.79 and a 12-month high of $9.35.

Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) last issued its quarterly earnings results on Friday, July 28th. The bank reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. Banco Bilbao Vizcaya Argentaria SA had a return on equity of 9.26% and a net margin of 17.53%. The firm had revenue of $6.96 billion for the quarter. On average, equities research analysts expect that Banco Bilbao Vizcaya Argentaria SA will post $0.61 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Monday, October 9th will be issued a dividend of $0.1061 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.42 dividend on an annualized basis and a yield of 4.76%. This is a boost from Banco Bilbao Vizcaya Argentaria SA’s previous quarterly dividend of $0.08.

Several analysts have weighed in on BBVA shares. Zacks Investment Research upgraded Banco Bilbao Vizcaya Argentaria SA from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a research report on Friday, September 8th. BidaskClub raised shares of Banco Bilbao Vizcaya Argentaria SA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Finally, ValuEngine lowered shares of Banco Bilbao Vizcaya Argentaria SA from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $9.75.

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Banco Bilbao Vizcaya Argentaria SA Company Profile

Banco Bilbao Vizcaya Argentaria, SA (BBVA) is a diversified financial company engaged in retail banking, wholesale banking, asset management and private banking. Its segments include Banking Activity in Spain, Real Estate Activity in Spain, the United States Turkey, Mexico, South America and Rest of Eurasia.

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Institutional Ownership by Quarter for Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA)

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