Rathbones Group PLC Purchases 175,976 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

Rathbones Group PLC lifted its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 250.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 246,151 shares of the bank’s stock after buying an additional 175,976 shares during the quarter. Rathbones Group PLC’s holdings in Banco Bilbao Viscaya Argentaria were worth $4,738,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of BBVA. Bank of America Corp DE grew its stake in Banco Bilbao Viscaya Argentaria by 28.0% in the 2nd quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock valued at $142,760,000 after buying an additional 2,034,318 shares during the last quarter. American Century Companies Inc. lifted its position in Banco Bilbao Viscaya Argentaria by 23.4% during the 3rd quarter. American Century Companies Inc. now owns 3,248,176 shares of the bank’s stock worth $62,527,000 after acquiring an additional 615,985 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in 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 acquiring an additional 467,226 shares during the period. Osaic Holdings Inc. boosted its holdings in Banco Bilbao Viscaya Argentaria by 612.4% during the second quarter. Osaic Holdings Inc. now owns 515,444 shares of the bank’s stock valued at $7,922,000 after acquiring an additional 443,092 shares during the period. Finally, Norges Bank acquired a new stake in shares of Banco Bilbao Viscaya Argentaria in the second quarter valued at about $5,072,000. 2.96% of the stock is owned by institutional investors.

Banco Bilbao Viscaya Argentaria Stock Performance

NYSE:BBVA opened at $21.34 on Monday. The firm’s 50-day moving average is $23.87 and its 200-day moving average is $21.48. The company has a market cap of $122.99 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 0.56 and a beta of 0.80. 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 earnings per share for the quarter, meeting the consensus estimate of $0.50. Banco Bilbao Viscaya Argentaria had a net margin of 28.43% and a return on equity of 17.29%. The business had revenue of $11.49 billion during the quarter, compared to analysts’ expectations of $10.74 billion. Equities analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The company 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 dividend yield of 678.0%. Banco Bilbao Viscaya Argentaria’s dividend payout ratio (DPR) is currently 30.46%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, December 29th. Zacks Research raised Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. 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, Wall Street Zen raised Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

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.