Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Shares Gap Down – Time to Sell?

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) shares gapped down before the market opened on Thursday . The stock had previously closed at $21.88, but opened at $20.87. Banco Bilbao Viscaya Argentaria shares last traded at $20.6030, with a volume of 310,374 shares.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BBVA shares. Zacks Research downgraded shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Weiss Ratings upgraded shares of Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday. Wall Street Zen upgraded Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, 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. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Banco Bilbao Viscaya Argentaria presently has a consensus rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Stock Down 1.8%

The stock has a market capitalization of $117.77 billion, a price-to-earnings ratio of 10.37, a price-to-earnings-growth ratio of 0.55 and a beta of 0.80. The stock’s 50-day simple moving average is $23.66 and its 200 day simple moving average is $21.52.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its quarterly earnings data on Thursday, February 5th. The bank reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. The company had revenue of $11.49 billion during the quarter, compared to analyst estimates of $10.74 billion. Banco Bilbao Viscaya Argentaria had a net margin of 28.43% and a return on equity of 17.29%. As a group, equities research analysts anticipate 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 disclosed a dividend, which will be paid on Monday, April 27th. Shareholders of record on Thursday, April 9th will be given a $0.7084 dividend. The ex-dividend date is Thursday, April 9th. This represents a yield of 678.0%. Banco Bilbao Viscaya Argentaria’s payout ratio is presently 30.46%.

Institutional Trading of Banco Bilbao Viscaya Argentaria

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dynasty Wealth Management LLC bought a new position in shares of Banco Bilbao Viscaya Argentaria in the third quarter worth about $876,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Banco Bilbao Viscaya Argentaria during the third quarter valued at approximately $2,478,000. JPMorgan Chase & Co. increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 6.5% in the third quarter. JPMorgan Chase & Co. now owns 4,846,150 shares of the bank’s stock valued at $93,288,000 after purchasing an additional 297,752 shares in the last quarter. Osaic Holdings Inc. raised its position in Banco Bilbao Viscaya Argentaria by 612.4% in the 2nd quarter. Osaic Holdings Inc. now owns 515,444 shares of the bank’s stock worth $7,922,000 after purchasing an additional 443,092 shares during the last quarter. Finally, Caprock Group LLC bought a new position in Banco Bilbao Viscaya Argentaria in the 3rd quarter worth approximately $3,114,000. 2.96% of the stock is currently owned by institutional investors and hedge funds.

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.