Pittenger & Anderson Inc. Sells 1,275 Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Pittenger & Anderson Inc. reduced its position in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,308 shares of the bank’s stock after selling 1,275 shares during the period. Pittenger & Anderson Inc.’s holdings in Banco Bilbao Vizcaya Argentaria were worth $267,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC bought a new stake in Banco Bilbao Vizcaya Argentaria in the fourth quarter worth about $44,000. Paradigm Asset Management Co. LLC raised its position in Banco Bilbao Vizcaya Argentaria by 66.7% in the third quarter. Paradigm Asset Management Co. LLC now owns 7,000 shares of the bank’s stock worth $56,000 after acquiring an additional 2,800 shares during the period. Cable Hill Partners LLC bought a new stake in Banco Bilbao Vizcaya Argentaria in the third quarter worth about $84,000. CWM LLC raised its position in Banco Bilbao Vizcaya Argentaria by 30.8% in the third quarter. CWM LLC now owns 10,933 shares of the bank’s stock worth $88,000 after acquiring an additional 2,576 shares during the period. Finally, Trust Point Inc. bought a new stake in Banco Bilbao Vizcaya Argentaria in the fourth quarter worth about $97,000. 2.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barclays downgraded shares of Banco Bilbao Vizcaya Argentaria from an “overweight” rating to an “equal weight” rating in a research note on Monday, March 25th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Price Performance

NYSE:BBVA traded down $0.02 during mid-day trading on Thursday, hitting $11.25. 1,004,983 shares of the stock traded hands, compared to its average volume of 1,403,771. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.24. Banco Bilbao Vizcaya Argentaria, S.A. has a 12-month low of $6.47 and a 12-month high of $12.20. The company has a market cap of $67.11 billion, a PE ratio of 8.10, a price-to-earnings-growth ratio of 0.58 and a beta of 1.33. The business’s 50-day moving average price is $10.94 and its 200 day moving average price is $9.59.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its quarterly earnings results on Monday, January 29th. The bank reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Banco Bilbao Vizcaya Argentaria had a net margin of 27.15% and a return on equity of 14.85%. The business had revenue of $8.01 billion during the quarter. On average, analysts expect that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.53 EPS for the current fiscal year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 25th. Stockholders of record on Tuesday, April 9th will be issued a $0.1695 dividend. This represents a dividend yield of 4.3%. This is a positive change from Banco Bilbao Vizcaya Argentaria’s previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Monday, April 8th. Banco Bilbao Vizcaya Argentaria’s payout ratio is presently 48.92%.

Banco Bilbao Vizcaya Argentaria Company Profile

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.