Adero Partners LLC Takes $180,000 Position in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Adero Partners LLC bought a new position in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,220 shares of the bank’s stock, valued at approximately $180,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Huntington National Bank increased its stake in Banco Bilbao Vizcaya Argentaria by 96.7% during the 4th quarter. Huntington National Bank now owns 3,616 shares of the bank’s stock worth $35,000 after buying an additional 1,778 shares during the period. Sierra Ocean LLC acquired a new position in Banco Bilbao Vizcaya Argentaria in the fourth quarter valued at approximately $49,000. IFP Advisors Inc boosted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 20.7% in the 4th quarter. IFP Advisors Inc now owns 5,420 shares of the bank’s stock valued at $53,000 after buying an additional 930 shares in the last quarter. Quinn Opportunity Partners LLC acquired a new position in shares of Banco Bilbao Vizcaya Argentaria in the 4th quarter valued at $97,000. Finally, Venturi Wealth Management LLC grew its position in shares of Banco Bilbao Vizcaya Argentaria by 901.1% in the 4th quarter. Venturi Wealth Management LLC now owns 10,061 shares of the bank’s stock valued at $98,000 after buying an additional 9,056 shares during the last quarter. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

Banco Bilbao Vizcaya Argentaria Trading Up 3.3%

Shares of Banco Bilbao Vizcaya Argentaria stock opened at $15.58 on Tuesday. The business has a 50 day moving average price of $14.44 and a 200 day moving average price of $12.70. The company has a market capitalization of $90.97 billion, a P/E ratio of 8.61, a P/E/G ratio of 0.80 and a beta of 1.08. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.01 and a quick ratio of 0.27. Banco Bilbao Vizcaya Argentaria, S.A. has a 1 year low of $9.23 and a 1 year high of $15.67.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last issued its quarterly earnings data on Tuesday, April 29th. The bank reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. The business had revenue of $10.61 billion for the quarter, compared to the consensus estimate of $9.12 billion. Banco Bilbao Vizcaya Argentaria had a return on equity of 17.49% and a net margin of 28.10%. Sell-side analysts anticipate that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 EPS for the current fiscal year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th were paid a dividend of $0.4439 per share. This is a boost from Banco Bilbao Vizcaya Argentaria’s previous semi-annual dividend of $0.11. This represents a dividend yield of 4.3%. The ex-dividend date was Wednesday, April 9th. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio (DPR) is currently 39.15%.

Analysts Set New Price Targets

Several research firms have issued reports on BBVA. Kepler Capital Markets upgraded shares of Banco Bilbao Vizcaya Argentaria from a “reduce” rating to a “hold” rating in a research note on Thursday, February 27th. Wall Street Zen cut shares of Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Two analysts have rated the stock with a hold rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

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.