UBS Group AG Sells 63,831 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

UBS Group AG reduced its holdings in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 8.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 693,413 shares of the bank’s stock after selling 63,831 shares during the quarter. UBS Group AG’s holdings in Banco Bilbao Viscaya Argentaria were worth $16,163,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bank of America Corp DE boosted its position in shares of Banco Bilbao Viscaya Argentaria by 28.0% during the second quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock worth $142,760,000 after buying an additional 2,034,318 shares during the period. American Century Companies Inc. boosted its position in shares of Banco Bilbao Viscaya Argentaria by 23.4% during the third quarter. American Century Companies Inc. now owns 3,248,176 shares of the bank’s stock worth $62,527,000 after buying an additional 615,985 shares during the period. Millennium Management LLC boosted its position in shares of Banco Bilbao Viscaya Argentaria by 373.4% during the third quarter. Millennium Management LLC now owns 768,243 shares of the bank’s stock worth $14,789,000 after buying an additional 605,947 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Banco Bilbao Viscaya Argentaria by 53.2% during the third quarter. BNP Paribas Financial Markets now owns 1,089,572 shares of the bank’s stock worth $20,974,000 after buying an additional 378,554 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of Banco Bilbao Viscaya Argentaria by 36.8% during the second quarter. Raymond James Financial Inc. now owns 1,212,776 shares of the bank’s stock worth $18,640,000 after buying an additional 326,367 shares during the period. 2.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BBVA shares. Royal Bank Of Canada cut Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 28th. Weiss Ratings cut Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. UBS Group reissued a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, April 20th. Barclays cut Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Finally, Zacks Research cut Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold”.

Banco Bilbao Viscaya Argentaria Stock Down 0.5%

BBVA opened at $21.83 on Wednesday. Banco Bilbao Viscaya Argentaria S.A. has a 12-month low of $14.63 and a 12-month high of $26.20. The stock has a market cap of $124.63 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 0.57 and a beta of 0.81. The business has a 50 day moving average of $21.86 and a 200-day moving average of $22.44.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its quarterly earnings data on Tuesday, March 31st. The bank reported $0.59 earnings per share (EPS) for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 17.65% and a net margin of 28.21%.The company had revenue of $12.33 billion during the quarter. As a group, analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 2.26 earnings per share for the current year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, April 27th. Stockholders of record on Thursday, April 9th were given a $0.7084 dividend. This represents a dividend yield of 626.0%. The ex-dividend date of this dividend was Thursday, April 9th. Banco Bilbao Viscaya Argentaria’s dividend payout ratio (DPR) is presently 54.29%.

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.