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

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) gapped down prior to trading on Wednesday . The stock had previously closed at $10.46, but opened at $9.63. Banco Bilbao Vizcaya Argentaria shares last traded at $9.62, with a volume of 2,241,240 shares.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Citigroup upgraded Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a report on Friday, August 9th. StockNews.com cut Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a report on Monday. Finally, Royal Bank of Canada upgraded Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Banco Bilbao Vizcaya Argentaria Stock Performance

The company has a market capitalization of $56.31 billion, a PE ratio of 5.54, a PEG ratio of 1.00 and a beta of 1.31. The company has a 50 day moving average price of $10.26 and a 200 day moving average price of $10.40.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Friday, October 25th. Investors of record on Wednesday, October 9th were given a dividend of $0.3244 per share. This is a positive change from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. This represents a dividend yield of 5.6%. The ex-dividend date of this dividend was Wednesday, October 9th. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is currently 29.31%.

Institutional Investors Weigh In On Banco Bilbao Vizcaya Argentaria

Several institutional investors and hedge funds have recently made changes to their positions in BBVA. Clearbridge Investments LLC raised its position in shares of Banco Bilbao Vizcaya Argentaria by 172.8% during the 2nd quarter. Clearbridge Investments LLC now owns 3,096,738 shares of the bank’s stock valued at $31,060,000 after acquiring an additional 1,961,553 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Banco Bilbao Vizcaya Argentaria by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,103,927 shares of the bank’s stock valued at $111,371,000 after acquiring an additional 619,836 shares in the last quarter. Envestnet Asset Management Inc. increased its position in 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 buying an additional 396,829 shares during the period. Raymond James & Associates increased its position in Banco Bilbao Vizcaya Argentaria by 91.0% in the third quarter. Raymond James & Associates now owns 776,389 shares of the bank’s stock worth $8,416,000 after buying an additional 369,971 shares during the period. Finally, American Century Companies Inc. increased its position in Banco Bilbao Vizcaya Argentaria by 24.2% in the second quarter. American Century Companies Inc. now owns 1,890,079 shares of the bank’s stock worth $18,957,000 after buying an additional 368,660 shares during the period. 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.