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 released on Saturday morning.

A number of other research firms have also issued reports on BBVA. Morgan Stanley began coverage on shares of Banco Bilbao Viscaya Argentaria in a report on Tuesday, October 21st. They set an “equal weight” rating on the stock. Zacks Research lowered Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Monday, December 15th. One 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 stock. According to data from MarketBeat.com, Banco Bilbao Viscaya Argentaria has an average rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Stock Up 0.9%

BBVA opened at $23.08 on Friday. The firm has a market cap of $134.74 billion, a PE ratio of 12.08, a P/E/G ratio of 1.04 and a beta of 0.83. The business has a fifty day simple moving average of $20.91 and a 200-day simple moving average of $18.43. Banco Bilbao Viscaya Argentaria has a fifty-two week low of $9.44 and a fifty-two week high of $23.34.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released 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 analyst estimates of $10.47 billion. Banco Bilbao Viscaya Argentaria had a return on equity of 17.07% and a net margin of 28.58%. On average, equities research analysts anticipate that Banco Bilbao Viscaya Argentaria will post 1.59 EPS for the current fiscal year.

Banco Bilbao Viscaya Argentaria Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 6th were paid 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%.

Institutional Trading of Banco Bilbao Viscaya Argentaria

Large investors have recently added to or reduced their stakes in the business. Navigoe LLC bought a new position in shares of Banco Bilbao Viscaya Argentaria during the 3rd quarter valued at $26,000. Financial Management Professionals Inc. raised its holdings in Banco Bilbao Viscaya Argentaria by 105.9% during the second quarter. Financial Management Professionals Inc. now owns 1,845 shares of the bank’s stock valued at $28,000 after buying an additional 949 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Banco Bilbao Viscaya Argentaria in the second quarter worth about $30,000. Cornerstone Planning Group LLC boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 183.2% during the 3rd quarter. Cornerstone Planning Group LLC now owns 1,597 shares of the bank’s stock worth $32,000 after acquiring an additional 1,033 shares in the last quarter. Finally, Salomon & Ludwin LLC raised its stake in shares of Banco Bilbao Viscaya Argentaria by 2,989.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 2,348 shares of the bank’s stock valued at $45,000 after acquiring an additional 2,272 shares in the last quarter. 2.96% of the stock is owned by institutional investors.

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.