Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Banco Bilbao Viscaya Argentaria (NYSE:BBVA) from a hold rating to a buy rating in a report issued on Saturday.

Other analysts also recently issued research reports about the stock. Weiss Ratings upgraded shares of Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday. Morgan Stanley started coverage on shares of Banco Bilbao Viscaya Argentaria in a research report on Tuesday, October 21st. They issued an “equal weight” rating for the company. Barclays raised Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a report on Thursday, August 7th. Finally, Zacks Research cut Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Trading Down 1.9%

NYSE:BBVA opened at $21.20 on Friday. Banco Bilbao Viscaya Argentaria has a 1 year low of $9.23 and a 1 year high of $22.09. The stock has a market cap of $123.74 billion, a P/E ratio of 11.16, a P/E/G ratio of 1.07 and a beta of 1.21. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a 50-day simple moving average of $19.52 and a 200-day simple moving average of $17.22.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its earnings results on Thursday, October 30th. The bank reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. The business had revenue of $10.62 billion for the quarter, compared to analyst estimates of $10.47 billion. Banco Bilbao Viscaya Argentaria had a return on equity of 17.61% and a net margin of 29.17%. As a group, analysts anticipate that Banco Bilbao Viscaya Argentaria will post 1.59 earnings per share for the current fiscal year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, November 24th. Investors of record on Thursday, November 6th will be issued a dividend of $0.3736 per share. The ex-dividend date of this dividend is Thursday, November 6th. This represents a yield of 361.0%. Banco Bilbao Viscaya Argentaria’s payout ratio is currently 31.41%.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

Several hedge funds and other institutional investors have recently bought and sold shares of BBVA. Bank of New York Mellon Corp grew its holdings in Banco Bilbao Viscaya Argentaria by 59.9% in the first quarter. Bank of New York Mellon Corp now owns 673,748 shares of the bank’s stock valued at $9,176,000 after purchasing an additional 252,492 shares during the last quarter. New York State Common Retirement Fund acquired a new position in Banco Bilbao Viscaya Argentaria during the first quarter worth about $3,081,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Banco Bilbao Viscaya Argentaria in the first quarter valued at about $46,000. Diversify Advisory Services LLC grew its position in shares of Banco Bilbao Viscaya Argentaria by 22.8% in the first quarter. Diversify Advisory Services LLC now owns 38,430 shares of the bank’s stock valued at $540,000 after purchasing an additional 7,143 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new stake in shares of Banco Bilbao Viscaya Argentaria in the first quarter valued at approximately $254,000. 2.96% of the stock is owned by institutional investors and hedge funds.

About Banco Bilbao Viscaya Argentaria

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.