Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Lowered to “Hold” Rating by StockNews.com

StockNews.com cut shares of Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) from a buy rating to a hold rating in a research note released on Monday.

Several other equities research analysts have also recently weighed in on BBVA. Citigroup upgraded Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research report on Friday, August 9th. Royal Bank of Canada raised Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Banco Bilbao Vizcaya Argentaria presently has an average rating of “Hold”.

Banco Bilbao Vizcaya Argentaria Trading Up 2.4 %

Shares of BBVA stock opened at $10.33 on Monday. The firm’s 50 day moving average is $10.28 and its 200 day moving average is $10.41. The stock has a market capitalization of $60.31 billion, a P/E ratio of 5.94, a PEG ratio of 1.00 and a beta of 1.31. Banco Bilbao Vizcaya Argentaria has a 12 month low of $8.18 and a 12 month high of $12.20.

Banco Bilbao Vizcaya Argentaria Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Crossmark Global Holdings Inc. boosted its stake in shares of Banco Bilbao Vizcaya Argentaria by 5.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,270,460 shares of the bank’s stock valued at $13,772,000 after purchasing an additional 70,192 shares in the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of Banco Bilbao Vizcaya Argentaria in the 3rd quarter valued at about $113,000. Atria Investments Inc lifted its position in Banco Bilbao Vizcaya Argentaria by 17.1% in the third quarter. Atria Investments Inc now owns 171,813 shares of the bank’s stock valued at $1,862,000 after purchasing an additional 25,093 shares during the last quarter. Verdence Capital Advisors LLC purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria during the third quarter valued at approximately $161,000. Finally, Summit Global Investments grew its holdings in shares of Banco Bilbao Vizcaya Argentaria by 27.0% in the third quarter. Summit Global Investments now owns 262,632 shares of the bank’s stock worth $2,847,000 after purchasing an additional 55,887 shares during the last quarter. 2.96% of the stock is currently owned by institutional investors.

Banco Bilbao Vizcaya Argentaria Company Profile

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.