Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Shares Gap Down – Here’s Why

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $22.00, but opened at $21.21. Banco Bilbao Viscaya Argentaria shares last traded at $21.0990, with a volume of 196,100 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BBVA shares. Wall Street Zen upgraded Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Royal Bank Of Canada cut shares of Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 28th. Weiss Ratings downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, April 2nd. Zacks Research lowered shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Finally, Barclays downgraded shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria Trading Down 5.5%

The business has a fifty day moving average price of $22.05 and a two-hundred day moving average price of $22.34. The firm has a market capitalization of $118.72 billion, a PE ratio of 9.90, a PEG ratio of 0.58 and a beta of 0.81.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings data on Tuesday, March 31st. The bank reported $0.59 earnings per share (EPS) for the quarter. The firm had revenue of $12.33 billion for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 28.21% and a return on equity of 17.69%. On average, equities analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 2.26 earnings per share for the current fiscal year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, April 27th. Stockholders of record on Thursday, April 9th were issued a $0.7084 dividend. This represents a dividend yield of 626.0%. The ex-dividend date was Thursday, April 9th. Banco Bilbao Viscaya Argentaria’s dividend payout ratio is currently 57.87%.

Institutional Trading of Banco Bilbao Viscaya Argentaria

Institutional investors have recently added to or reduced their stakes in the stock. Dynasty Wealth Management LLC purchased a new position in Banco Bilbao Viscaya Argentaria during the 3rd quarter valued at about $876,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Banco Bilbao Viscaya Argentaria during the third quarter worth about $2,478,000. Archford Capital Strategies LLC acquired a new stake in shares of Banco Bilbao Viscaya Argentaria during the fourth quarter worth about $3,286,000. JPMorgan Chase & Co. boosted its stake 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 during the period. Finally, Caprock Group LLC acquired a new position in shares of Banco Bilbao Viscaya Argentaria in the third quarter valued at approximately $3,114,000. Institutional investors and hedge funds own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Company 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.