Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) Stock Now Rated “Hold” by Sell-Side Brokerages

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) has been given a consensus rating of “Hold” by the eight research firms that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company.

A number of research firms recently commented on BBVA. Wall Street Zen upgraded Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Bank of America cut shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 15th. Weiss Ratings restated a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Friday, July 31st. Zacks Research raised shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Keefe, Bruyette & Woods lowered shares of Banco Bilbao Viscaya Argentaria from a “moderate buy” rating to a “hold” rating in a report on Wednesday, August 12th.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

Several hedge funds have recently added to or reduced their stakes in BBVA. GAMMA Investing LLC grew its stake in shares of Banco Bilbao Viscaya Argentaria by 11.4% during the third quarter. GAMMA Investing LLC now owns 35,975 shares of the bank’s stock valued at $1,003,000 after buying an additional 3,686 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Banco Bilbao Viscaya Argentaria by 3.7% during the third quarter. Farther Finance Advisors LLC now owns 84,079 shares of the bank’s stock valued at $2,343,000 after buying an additional 2,967 shares during the period. CoreCap Advisors LLC raised its position in shares of Banco Bilbao Viscaya Argentaria by 192.9% in the 3rd quarter. CoreCap Advisors LLC now owns 911 shares of the bank’s stock worth $25,000 after acquiring an additional 600 shares in the last quarter. Avidian Wealth Enterprises LLC grew its position in shares of Banco Bilbao Viscaya Argentaria by 43.3% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 19,681 shares of the bank’s stock worth $549,000 after buying an additional 5,944 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its holdings in Banco Bilbao Viscaya Argentaria by 13.7% in the third quarter. Valeo Financial Advisors LLC now owns 20,496 shares of the bank’s stock worth $571,000 after purchasing an additional 2,469 shares during the last quarter. 2.96% of the stock is currently owned by institutional investors.

Banco Bilbao Viscaya Argentaria Trading Down 0.4%

Banco Bilbao Viscaya Argentaria stock opened at $26.16 on Tuesday. Banco Bilbao Viscaya Argentaria has a one year low of $17.90 and a one year high of $29.64. The business’s fifty day moving average is $28.48 and its 200 day moving average is $25.20. The stock has a market capitalization of $145.97 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 0.69 and a beta of 0.82. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.06 and a quick ratio of 1.06.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its earnings results on Tuesday, June 30th. The bank reported $0.62 earnings per share (EPS) for the quarter. The business had revenue of $11.99 billion for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 27.75% and a return on equity of 18.05%. On average, sell-side analysts predict that Banco Bilbao Viscaya Argentaria will post 2.42 EPS for the current year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th will be given a dividend of $0.4168 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a dividend yield of 309.0%. Banco Bilbao Viscaya Argentaria’s payout ratio is currently 30.45%.

About Banco Bilbao Viscaya Argentaria

Banco Bilbao Vizcaya Argentaria, SA (NYSE: BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank provides retail and commercial banking, corporate and investment banking, wealth management, asset management, payments and insurance services to individuals, businesses, institutions and public-sector clients.

BBVA traces its origins to Banco de Bilbao, founded in 1857. The modern group was formed through the merger of Banco Bilbao Vizcaya and Argentaria in 1999.