Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) from a buy rating to a hold rating in a report published on Saturday,Wall Street Zen reports.

A number of other equities analysts also recently issued reports on the stock. UBS Group reissued a “neutral” rating on shares of Banco Bilbao Vizcaya Argentaria in a research note on Thursday, August 20th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Banco Bilbao Vizcaya Argentaria in a research report on Monday, August 10th. Weiss Ratings cut Banco Bilbao Vizcaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 23rd. Zacks Research downgraded Banco Bilbao Vizcaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Monday, October 26th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Banco Bilbao Vizcaya Argentaria in a research report on Thursday, September 24th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

Banco Bilbao Vizcaya Argentaria Trading Up 2.1%

NYSE:BBVA opened at $23.92 on Friday. The company has a 50-day moving average price of $27.38 and a 200-day moving average price of $24.79. Banco Bilbao Vizcaya Argentaria has a 12 month low of $19.84 and a 12 month high of $29.64. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.77. The stock has a market cap of $133.52 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 0.65 and a beta of 0.82.

Banco Bilbao Vizcaya Argentaria Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th were issued a dividend of $0.4168 per share. This represents a dividend yield of 324.0%. The ex-dividend date was Wednesday, October 14th. Banco Bilbao Vizcaya Argentaria’s payout ratio is 29.00%.

Institutional Trading of Banco Bilbao Vizcaya Argentaria

A number of hedge funds and other institutional investors have recently modified their holdings of BBVA. Bank of America Corp DE boosted its position in shares of Banco Bilbao Vizcaya Argentaria by 4.9% in the 1st quarter. Bank of America Corp DE now owns 7,488,811 shares of the bank’s stock worth $162,208,000 after purchasing an additional 352,011 shares in the last quarter. Quantinno Capital Management LP increased its position in Banco Bilbao Vizcaya Argentaria by 23.3% during the 1st quarter. Quantinno Capital Management LP now owns 1,223,071 shares of the bank’s stock valued at $26,492,000 after buying an additional 231,330 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Banco Bilbao Vizcaya Argentaria by 9.1% during the first quarter. Bank of New York Mellon Corp now owns 919,176 shares of the bank’s stock valued at $19,909,000 after buying an additional 76,694 shares during the last quarter. QRG Capital Management Inc. raised its stake in Banco Bilbao Vizcaya Argentaria by 13.0% during the second quarter. QRG Capital Management Inc. now owns 609,469 shares of the bank’s stock valued at $15,273,000 after buying an additional 70,207 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in Banco Bilbao Vizcaya Argentaria by 4.6% in the first quarter. Assetmark Inc. now owns 543,322 shares of the bank’s stock worth $11,768,000 after acquiring an additional 23,866 shares in the last quarter. 2.96% of the stock is owned by hedge funds and other institutional investors.

Banco Bilbao Vizcaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria, SA (NYSE: BBVA) is a global financial services group headquartered in Bilbao, Spain. The bank traces its origins to Banco de Bilbao, founded in 1857, and adopted the BBVA name in 1999 following the merger of Banco Bilbao Vizcaya and Argentaria.

BBVA provides retail and commercial banking services, including checking and savings accounts, consumer and mortgage lending, credit cards, payments, and digital banking. It also serves businesses and institutions through corporate and investment banking, transaction banking, capital markets, and advisory services.