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

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) shares gapped down prior to trading 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.

Analyst Ratings Changes

A number of brokerages have issued reports on BBVA. Royal Bank Of Canada downgraded Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 28th. Wall Street Zen upgraded shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Zacks Research lowered shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Banco Bilbao Viscaya Argentaria Stock Performance

The stock has a market cap of $119.97 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 0.58 and a beta of 0.80. The business’s 50 day moving average is $23.78 and its 200-day 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 analysts’ consensus estimates of $0.50. Banco Bilbao Viscaya Argentaria had a net margin of 28.43% and a return on equity of 17.29%. The company had revenue of $11.49 billion during the quarter, compared to analysts’ expectations of $10.74 billion. Sell-side analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Banco Bilbao Viscaya Argentaria Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, April 27th. Investors of record on Thursday, April 9th will be paid a $0.7084 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a yield of 678.0%. Banco Bilbao Viscaya Argentaria’s dividend payout ratio (DPR) is currently 30.46%.

Institutional Investors Weigh In On Banco Bilbao Viscaya Argentaria

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its position in shares of Banco Bilbao Viscaya Argentaria by 28.0% in the second quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock valued at $142,760,000 after acquiring an additional 2,034,318 shares in the last quarter. Capital International Investors raised its stake in Banco Bilbao Viscaya Argentaria by 0.6% in the 3rd quarter. Capital International Investors now owns 6,616,619 shares of the bank’s stock valued at $125,914,000 after purchasing an additional 40,320 shares during the last quarter. Clark Capital Management Group Inc. lifted its holdings in Banco Bilbao Viscaya Argentaria by 2.0% in the 3rd quarter. Clark Capital Management Group Inc. now owns 5,755,246 shares of the bank’s stock valued at $110,788,000 after purchasing an additional 113,250 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Banco Bilbao Viscaya Argentaria by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,846,150 shares of the bank’s stock worth $93,288,000 after purchasing an additional 297,752 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 1,819.7% in the fourth quarter. Barclays PLC now owns 3,616,734 shares of the bank’s stock worth $84,306,000 after buying an additional 3,428,336 shares in the last quarter. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

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.