Banco Bilbao Viscaya Argentaria S.A. $BBVA Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 6.5% in the third quarter, Holdings Channel.com reports. The firm owned 4,846,150 shares of the bank’s stock after acquiring an additional 297,752 shares during the quarter. JPMorgan Chase & Co.’s holdings in Banco Bilbao Viscaya Argentaria were worth $93,288,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Navigoe LLC acquired a new stake in shares of Banco Bilbao Viscaya Argentaria in the 3rd quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Banco Bilbao Viscaya Argentaria in the second quarter valued at $30,000. Cornerstone Planning Group LLC lifted its holdings in Banco Bilbao Viscaya Argentaria by 183.2% in the third quarter. Cornerstone Planning Group LLC now owns 1,597 shares of the bank’s stock valued at $32,000 after acquiring an additional 1,033 shares during the period. Salomon & Ludwin LLC boosted its position in shares of Banco Bilbao Viscaya Argentaria by 2,989.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 2,348 shares of the bank’s stock worth $45,000 after purchasing an additional 2,272 shares in the last quarter. Finally, Westside Investment Management Inc. grew its stake in shares of Banco Bilbao Viscaya Argentaria by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 2,316 shares of the bank’s stock worth $45,000 after purchasing an additional 1,158 shares during the period. Institutional investors and hedge funds own 2.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on BBVA. Royal Bank Of Canada downgraded shares of Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 28th. Wall Street Zen raised Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings upgraded Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, March 12th. Finally, Zacks Research cut Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Price Performance

BBVA stock opened at $20.89 on Wednesday. Banco Bilbao Viscaya Argentaria S.A. has a 12 month low of $11.59 and a 12 month high of $26.20. The firm has a market capitalization of $120.41 billion, a PE ratio of 10.61, a P/E/G ratio of 0.55 and a beta of 0.80. The company’s 50 day simple moving average is $23.55 and its 200-day simple moving average is $21.61.

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

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.