Ethic Inc. Raises Stake in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Ethic Inc. raised its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 8.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 526,832 shares of the bank’s stock after acquiring an additional 42,760 shares during the quarter. Ethic Inc.’s holdings in Banco Bilbao Viscaya Argentaria were worth $8,045,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BBVA. Financial Management Professionals Inc. lifted its stake in Banco Bilbao Viscaya Argentaria by 105.9% in the second quarter. Financial Management Professionals Inc. now owns 1,845 shares of the bank’s stock worth $28,000 after acquiring an additional 949 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in Banco Bilbao Viscaya Argentaria in the first quarter worth approximately $29,000. Private Trust Co. NA lifted its stake in Banco Bilbao Viscaya Argentaria by 224.7% in the first quarter. Private Trust Co. NA now owns 2,607 shares of the bank’s stock worth $36,000 after acquiring an additional 1,804 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in Banco Bilbao Viscaya Argentaria in the first quarter worth approximately $46,000. Finally, Bessemer Group Inc. lifted its stake in Banco Bilbao Viscaya Argentaria by 25.3% in the first quarter. Bessemer Group Inc. now owns 3,901 shares of the bank’s stock worth $53,000 after acquiring an additional 787 shares during the last quarter. Hedge funds and other institutional investors own 2.96% of the company’s stock.

Wall Street Analyst Weigh In

BBVA has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Sunday. Morgan Stanley assumed coverage on shares of Banco Bilbao Viscaya Argentaria in a report on Tuesday. They set an “equal weight” rating on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Wednesday, October 8th. Finally, Barclays raised shares of Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Stock Up 0.4%

BBVA stock opened at $19.65 on Thursday. The company’s 50 day moving average is $18.86 and its two-hundred day moving average is $16.31. The stock has a market cap of $114.69 billion, a P/E ratio of 10.34, a PEG ratio of 1.03 and a beta of 1.19. Banco Bilbao Viscaya Argentaria S.A. has a twelve month low of $9.23 and a twelve month high of $20.16. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its earnings results on Thursday, July 31st. The bank reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. The business had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.24 billion. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. Research analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current fiscal year.

Banco Bilbao Viscaya Argentaria Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, November 24th. Stockholders of record on Thursday, November 6th will be issued a $0.3736 dividend. This represents a dividend yield of 395.0%. The ex-dividend date of this dividend is Thursday, November 6th. Banco Bilbao Viscaya Argentaria’s payout ratio is presently 38.95%.

About Banco Bilbao Viscaya 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.