Banco Bilbao Viscaya Argentaria S.A. $BBVA Shares Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC raised its stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 3.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,462 shares of the bank’s stock after purchasing an additional 5,877 shares during the quarter. William Blair Investment Management LLC’s holdings in Banco Bilbao Viscaya Argentaria were worth $2,420,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BBVA. Financial Management Professionals Inc. increased its stake in shares of Banco Bilbao Viscaya Argentaria by 105.9% in the second quarter. Financial Management Professionals Inc. now owns 1,845 shares of the bank’s stock worth $28,000 after acquiring an additional 949 shares during the period. Alpine Bank Wealth Management purchased a new position in Banco Bilbao Viscaya Argentaria during the first quarter valued at $29,000. Private Trust Co. NA lifted its holdings in Banco Bilbao Viscaya Argentaria by 224.7% during the first quarter. Private Trust Co. NA now owns 2,607 shares of the bank’s stock valued at $36,000 after purchasing an additional 1,804 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of Banco Bilbao Viscaya Argentaria in the first quarter worth about $46,000. Finally, Bessemer Group Inc. lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 25.3% in the first quarter. Bessemer Group Inc. now owns 3,901 shares of the bank’s stock worth $53,000 after buying an additional 787 shares in the last quarter. Institutional investors and hedge funds own 2.96% of the company’s stock.

Wall Street Analysts Forecast Growth

BBVA has been the subject of several recent analyst reports. Barclays upgraded shares of Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a research report on Thursday, August 7th. Wall Street Zen downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

Banco Bilbao Viscaya Argentaria Price Performance

NYSE:BBVA opened at $20.13 on Tuesday. The firm has a market cap of $117.49 billion, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of 0.94 and a beta of 1.19. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18. The company’s 50-day moving average is $18.82 and its two-hundred day moving average is $16.26. Banco Bilbao Viscaya Argentaria S.A. has a 12-month low of $9.23 and a 12-month high of $20.16.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its quarterly earnings data on Thursday, July 31st. The bank reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.05. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. The business had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.24 billion. Research analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 6th will be issued a $0.3736 dividend. This represents a yield of 395.0%. The ex-dividend date of this dividend is Thursday, November 6th. Banco Bilbao Viscaya Argentaria’s payout ratio is currently 38.95%.

Banco Bilbao Viscaya Argentaria 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.