Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Upgraded at StockNews.com

StockNews.com upgraded shares of Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) from a hold rating to a buy rating in a report issued on Tuesday morning.

A number of other research analysts also recently commented on BBVA. Royal Bank of Canada raised Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a report on Wednesday, July 31st. Citigroup raised shares of Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Performance

BBVA opened at $9.45 on Tuesday. The company has a market capitalization of $55.17 billion, a P/E ratio of 5.43, a PEG ratio of 0.96 and a beta of 1.31. Banco Bilbao Vizcaya Argentaria has a 1-year low of $8.47 and a 1-year high of $12.20. The company has a 50-day moving average of $10.22 and a 200-day moving average of $10.37.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Friday, October 25th. Investors of record on Wednesday, October 9th were issued a $0.3244 dividend. This is an increase from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a dividend yield of 5.6%. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio (DPR) is 29.31%.

Institutional Investors Weigh In On Banco Bilbao Vizcaya Argentaria

Several large investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 56.2% in the 1st quarter. Capital Research Global Investors now owns 233,631 shares of the bank’s stock worth $2,766,000 after acquiring an additional 84,063 shares during the period. Deltec Asset Management LLC bought a new position in Banco Bilbao Vizcaya Argentaria in the 2nd quarter worth approximately $928,000. Mediolanum International Funds Ltd bought a new stake in Banco Bilbao Vizcaya Argentaria during the 3rd quarter valued at $2,297,000. Sequoia Financial Advisors LLC boosted its position in Banco Bilbao Vizcaya Argentaria by 5.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 88,022 shares of the bank’s stock worth $883,000 after acquiring an additional 4,850 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of Banco Bilbao Vizcaya Argentaria by 9.9% in the second quarter. Envestnet Asset Management Inc. now owns 4,412,058 shares of the bank’s stock worth $44,253,000 after purchasing an additional 396,829 shares in the last quarter. 2.96% of the stock is owned by institutional investors and hedge funds.

About Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria, SA provides retail banking, wholesale banking, and asset management services in the United States, Spain, Mexico, Turkey, South America, and internationally. The company offers savings account, demand deposits, and time deposits; and loan products, such as residential mortgages, other households, credit card loans, loans to enterprises and public sector, as well as consumer finance.