Ashton Thomas Private Wealth LLC Takes $591,000 Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Ashton Thomas Private Wealth LLC acquired a new position in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 38,470 shares of the bank’s stock, valued at approximately $591,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 10.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,941,273 shares of the bank’s stock worth $149,020,000 after purchasing an additional 1,014,305 shares during the last quarter. Clark Capital Management Group Inc. raised its position in shares of Banco Bilbao Viscaya Argentaria by 6.6% in the first quarter. Clark Capital Management Group Inc. now owns 5,578,381 shares of the bank’s stock valued at $75,978,000 after buying an additional 347,564 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 17.1% during the second quarter. Envestnet Asset Management Inc. now owns 4,375,294 shares of the bank’s stock valued at $67,247,000 after buying an additional 637,519 shares during the period. American Century Companies Inc. lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 6.2% during the first quarter. American Century Companies Inc. now owns 2,364,451 shares of the bank’s stock valued at $32,204,000 after buying an additional 137,602 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its position in Banco Bilbao Viscaya Argentaria by 5.8% during the first quarter. Crossmark Global Holdings Inc. now owns 1,296,544 shares of the bank’s stock worth $17,659,000 after acquiring an additional 71,217 shares during the last quarter. Institutional investors and hedge funds own 2.96% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on BBVA. Morgan Stanley began coverage on Banco Bilbao Viscaya Argentaria in a report on Tuesday, October 21st. They issued an “equal weight” rating for the company. Barclays upgraded Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a report on Thursday, August 7th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Thursday. Finally, Wall Street Zen lowered Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. One equities research 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Trading Down 1.6%

BBVA stock opened at $19.98 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The company has a market cap of $116.61 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 1.07 and a beta of 1.19. The business has a fifty day simple moving average of $18.97 and a 200-day simple moving average of $16.65. Banco Bilbao Viscaya Argentaria S.A. has a 52 week low of $9.23 and a 52 week high of $20.54.

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

Banco Bilbao Viscaya Argentaria Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, November 24th. Stockholders of record on Thursday, November 6th will be paid 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 currently 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.