Banco Bilbao Viscaya Argentaria S.A. $BBVA Shares Bought by NewEdge Wealth LLC

NewEdge Wealth LLC grew its stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 6.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 624,223 shares of the bank’s stock after acquiring an additional 38,301 shares during the period. NewEdge Wealth LLC’s holdings in Banco Bilbao Viscaya Argentaria were worth $14,551,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BBVA. Bank of America Corp DE raised its position in shares of Banco Bilbao Viscaya Argentaria by 28.0% during the second quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock worth $142,760,000 after purchasing an additional 2,034,318 shares during the period. American Century Companies Inc. increased its stake in Banco Bilbao Viscaya Argentaria by 23.4% in the 3rd quarter. American Century Companies Inc. now owns 3,248,176 shares of the bank’s stock worth $62,527,000 after purchasing an additional 615,985 shares in the last quarter. Millennium Management LLC increased its stake in Banco Bilbao Viscaya Argentaria by 373.4% in the 3rd quarter. Millennium Management LLC now owns 768,243 shares of the bank’s stock worth $14,789,000 after purchasing an additional 605,947 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Banco Bilbao Viscaya Argentaria by 53.2% during the third quarter. BNP Paribas Financial Markets now owns 1,089,572 shares of the bank’s stock valued at $20,974,000 after buying an additional 378,554 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of Banco Bilbao Viscaya Argentaria by 36.8% in the second quarter. Raymond James Financial Inc. now owns 1,212,776 shares of the bank’s stock worth $18,640,000 after buying an additional 326,367 shares during the period. 2.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BBVA. UBS Group reissued a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, April 20th. Barclays lowered shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Wall Street Zen downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada cut Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 28th. Finally, Zacks Research lowered Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Banco Bilbao Viscaya Argentaria has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of BBVA opened at $22.29 on Friday. The company has a market capitalization of $127.22 billion, a PE ratio of 10.61, a PEG ratio of 0.58 and a beta of 0.81. The company’s 50 day moving average price is $21.95 and its 200 day moving average price is $22.39. Banco Bilbao Viscaya Argentaria S.A. has a 52 week low of $14.35 and a 52 week high of $26.20.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its earnings results on Tuesday, March 31st. The bank reported $0.59 earnings per share (EPS) for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 28.21% and a return on equity of 17.65%. The company had revenue of $12.33 billion during the quarter. On average, equities analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 2.26 earnings per share for the current fiscal year.

Banco Bilbao Viscaya Argentaria Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, April 27th. Shareholders of record on Thursday, April 9th were paid a $0.7084 dividend. The ex-dividend date was Thursday, April 9th. This represents a yield of 626.0%. Banco Bilbao Viscaya Argentaria’s payout ratio is 54.29%.

About Banco Bilbao Viscaya Argentaria

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank traces its roots to several historic regional banks and was formed through a series of mergers that consolidated its position as one of Spain’s largest banking groups. BBVA operates as a universal bank offering a broad range of financial services to retail, corporate and institutional clients.

BBVA’s core businesses include retail and commercial banking, corporate and investment banking, private banking and wealth management, asset management, and insurance.