Oppenheimer Asset Management Inc. Sells 3,669 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

Oppenheimer Asset Management Inc. trimmed its position in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 1.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 271,731 shares of the bank’s stock after selling 3,669 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Banco Bilbao Viscaya Argentaria were worth $4,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in Banco Bilbao Viscaya Argentaria by 1.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 43,444 shares of the bank’s stock valued at $668,000 after acquiring an additional 670 shares during the last quarter. Focus Partners Wealth increased its position in shares of Banco Bilbao Viscaya Argentaria by 4.3% during the 1st quarter. Focus Partners Wealth now owns 17,923 shares of the bank’s stock valued at $244,000 after purchasing an additional 732 shares during the last quarter. Beverly Hills Private Wealth LLC lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 3.5% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 22,114 shares of the bank’s stock worth $301,000 after purchasing an additional 740 shares during the period. Manchester Capital Management LLC boosted its holdings in shares of Banco Bilbao Viscaya Argentaria by 19.2% in the first quarter. Manchester Capital Management LLC now owns 4,643 shares of the bank’s stock worth $63,000 after buying an additional 748 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Banco Bilbao Viscaya Argentaria by 12.8% in the second quarter. UMB Bank n.a. now owns 6,574 shares of the bank’s stock worth $101,000 after buying an additional 748 shares during the last quarter. Institutional investors own 2.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BBVA shares. Wall Street Zen downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Barclays raised Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a report on Thursday, August 7th. Morgan Stanley began coverage on Banco Bilbao Viscaya Argentaria in a report on Tuesday, October 21st. They set an “equal weight” rating for the company. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Stock Up 0.2%

NYSE BBVA opened at $20.05 on Wednesday. Banco Bilbao Viscaya Argentaria S.A. has a 12 month low of $9.23 and a 12 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. The stock has a market cap of $117.02 billion, a PE ratio of 10.55, a P/E/G ratio of 1.05 and a beta of 1.19. The stock’s 50 day moving average is $18.92 and its 200 day moving average is $16.58.

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

Banco Bilbao Viscaya Argentaria Dividend Announcement

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

Banco Bilbao Viscaya Argentaria 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.