Guggenheim Capital LLC Grows Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Guggenheim Capital LLC raised its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 32.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 100,613 shares of the bank’s stock after purchasing an additional 24,846 shares during the period. Guggenheim Capital LLC’s holdings in Banco Bilbao Viscaya Argentaria were worth $1,546,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. raised its position in Banco Bilbao Viscaya Argentaria by 10.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,941,273 shares of the bank’s stock valued at $149,020,000 after purchasing an additional 1,014,305 shares during the last quarter. Clark Capital Management Group Inc. raised its holdings in shares of Banco Bilbao Viscaya Argentaria by 6.6% in the first quarter. Clark Capital Management Group Inc. now owns 5,578,381 shares of the bank’s stock valued at $75,978,000 after buying an additional 347,564 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 11.4% during the second quarter. JPMorgan Chase & Co. now owns 4,548,398 shares of the bank’s stock worth $69,909,000 after buying an additional 467,226 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 17.1% during the second quarter. Envestnet Asset Management Inc. now owns 4,375,294 shares of the bank’s stock worth $67,247,000 after buying an additional 637,519 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 11.3% during the second quarter. American Century Companies Inc. now owns 2,632,191 shares of the bank’s stock worth $40,457,000 after buying an additional 267,740 shares during the last quarter. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of BBVA stock opened at $21.88 on Wednesday. The stock has a fifty day moving average price of $20.28 and a 200 day moving average price of $18.03. The stock has a market cap of $127.70 billion, a PE ratio of 11.45, a P/E/G ratio of 0.99 and a beta of 0.83. Banco Bilbao Viscaya Argentaria S.A. has a 1 year low of $9.44 and a 1 year high of $22.24.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its quarterly earnings results on Thursday, October 30th. The bank reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $10.59 billion during the quarter, compared to analysts’ expectations of $10.47 billion. Banco Bilbao Viscaya Argentaria had a return on equity of 17.07% and a net margin of 28.58%. As a group, equities research analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 6th were issued a $0.3736 dividend. This represents a dividend yield of 361.0%. The ex-dividend date of this dividend was Thursday, November 6th. Banco Bilbao Viscaya Argentaria’s dividend payout ratio is 31.41%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BBVA. Weiss Ratings cut Banco Bilbao Viscaya Argentaria from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday. Wall Street Zen cut Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Zacks Research downgraded shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, Morgan Stanley began coverage on shares of Banco Bilbao Viscaya Argentaria in a research note on Tuesday, October 21st. They set an “equal weight” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Banco Bilbao Viscaya Argentaria currently has an average rating of “Moderate Buy”.

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.