Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Reaches New 12-Month High – What’s Next?

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $23.00 and last traded at $22.9950, with a volume of 646716 shares traded. The stock had previously closed at $22.63.

Wall Street Analysts Forecast Growth

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

Banco Bilbao Viscaya Argentaria Stock Down 0.0%

The stock has a market capitalization of $131.37 billion, a P/E ratio of 11.78, a PEG ratio of 1.02 and a beta of 0.83. The firm’s 50-day simple moving average is $20.72 and its 200 day simple moving average is $18.32.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its quarterly earnings data on Thursday, October 30th. The bank reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. Banco Bilbao Viscaya Argentaria had a net margin of 28.58% and a return on equity of 17.07%. The company had revenue of $10.59 billion for the quarter, compared to analysts’ expectations of $10.47 billion. As a group, equities analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal 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 given a $0.3736 dividend. The ex-dividend date was Thursday, November 6th. This represents a yield of 361.0%. Banco Bilbao Viscaya Argentaria’s payout ratio is 31.41%.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

Hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its holdings in shares of Banco Bilbao Viscaya Argentaria by 10.2% during the first 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. Bank of America Corp DE raised its holdings in Banco Bilbao Viscaya Argentaria by 28.0% during the 2nd quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock worth $142,760,000 after buying an additional 2,034,318 shares during the period. Capital International Investors lifted its stake in Banco Bilbao Viscaya Argentaria by 0.6% during the third quarter. Capital International Investors now owns 6,616,619 shares of the bank’s stock valued at $125,914,000 after buying an additional 40,320 shares in the last quarter. Clark Capital Management Group Inc. lifted its stake in Banco Bilbao Viscaya Argentaria by 2.0% during the third quarter. Clark Capital Management Group Inc. now owns 5,755,246 shares of the bank’s stock valued at $110,788,000 after buying an additional 113,250 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Banco Bilbao Viscaya Argentaria by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,846,150 shares of the bank’s stock valued at $93,288,000 after acquiring an additional 297,752 shares in the last quarter. 2.96% of the stock is currently owned by institutional investors and hedge funds.

Banco Bilbao Viscaya Argentaria Company 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.