Capital World Investors Buys 63,670 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

Capital World Investors grew its stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 20.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 372,149 shares of the bank’s stock after acquiring an additional 63,670 shares during the quarter. Capital World Investors’ holdings in Banco Bilbao Viscaya Argentaria were worth $7,082,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in BBVA. Bank of America Corp DE boosted its position in 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 valued at $142,760,000 after purchasing an additional 2,034,318 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Banco Bilbao Viscaya Argentaria by 23.4% during the third quarter. American Century Companies Inc. now owns 3,248,176 shares of the bank’s stock valued at $62,527,000 after buying an additional 615,985 shares during the last quarter. JPMorgan Chase & Co. lifted its position 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 valued at $69,909,000 after buying an additional 467,226 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Banco Bilbao Viscaya Argentaria by 612.4% in the 2nd quarter. Osaic Holdings Inc. now owns 515,444 shares of the bank’s stock valued at $7,922,000 after buying an additional 443,092 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Banco Bilbao Viscaya Argentaria in the 2nd quarter valued at about $5,072,000. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

Banco Bilbao Viscaya Argentaria Stock Down 4.8%

BBVA opened at $20.83 on Friday. The company has a market cap of $120.04 billion, a P/E ratio of 10.57, a price-to-earnings-growth ratio of 0.58 and a beta of 0.80. The firm’s 50-day moving average price is $23.73 and its 200-day moving average price is $21.51. Banco Bilbao Viscaya Argentaria S.A. has a 52-week low of $11.59 and a 52-week high of $26.20.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its earnings results on Thursday, February 5th. The bank reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. The company had revenue of $11.49 billion during the quarter, compared to analysts’ expectations of $10.74 billion. Banco Bilbao Viscaya Argentaria had a net margin of 28.43% and a return on equity of 17.29%. On average, research 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 business also recently disclosed a dividend, which will be paid on Monday, April 27th. Stockholders of record on Thursday, April 9th will be paid a dividend of $0.7084 per share. This represents a dividend yield of 678.0%. The ex-dividend date is Thursday, April 9th. Banco Bilbao Viscaya Argentaria’s payout ratio is presently 30.46%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Monday, December 29th. Royal Bank Of Canada downgraded 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 report on Tuesday. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Banco Bilbao Viscaya Argentaria Profile

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.