Genus Capital Management Inc. Takes Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Genus Capital Management Inc. bought a new position in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 15,050 shares of the bank’s stock, valued at approximately $231,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its position in Banco Bilbao Viscaya Argentaria by 10.2% during the first quarter. Goldman Sachs Group Inc. now owns 10,941,273 shares of the bank’s stock worth $149,020,000 after acquiring an additional 1,014,305 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Banco Bilbao Viscaya Argentaria by 17.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,375,294 shares of the bank’s stock worth $67,247,000 after purchasing an additional 637,519 shares during the last quarter. Assetmark Inc. lifted its stake in Banco Bilbao Viscaya Argentaria by 1,198.6% in the 2nd quarter. Assetmark Inc. now owns 491,502 shares of the bank’s stock valued at $7,554,000 after buying an additional 453,654 shares in the last quarter. Clark Capital Management Group Inc. boosted its holdings in Banco Bilbao Viscaya Argentaria by 6.6% in the 1st quarter. Clark Capital Management Group Inc. now owns 5,578,381 shares of the bank’s stock worth $75,978,000 after buying an additional 347,564 shares during the last quarter. Finally, Vident Advisory LLC increased its stake in Banco Bilbao Viscaya Argentaria by 159.1% during the 1st quarter. Vident Advisory LLC now owns 447,780 shares of the bank’s stock worth $6,099,000 after buying an additional 274,958 shares in the last quarter. Institutional investors and hedge funds own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of Banco Bilbao Viscaya Argentaria stock opened at $20.47 on Thursday. The business’s 50 day moving average price is $19.10 and its 200 day moving average price is $16.87. The company has a market cap of $119.47 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 1.07 and a beta of 1.19. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current ratio of 1.01. Banco Bilbao Viscaya Argentaria S.A. has a one year low of $9.23 and a one year high of $20.57.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its earnings results on Thursday, October 30th. The bank reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Banco Bilbao Viscaya Argentaria had a return on equity of 17.61% and a net margin of 29.17%.The business had revenue of $10.62 billion during the quarter, compared to the consensus estimate of $10.47 billion. On average, research analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current year.

Banco Bilbao Viscaya Argentaria Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 6th will be issued a $0.3736 dividend. This represents a yield of 365.0%. The ex-dividend date is Thursday, November 6th. Banco Bilbao Viscaya Argentaria’s payout ratio is presently 31.41%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Thursday, October 30th. Barclays upgraded Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a report on Thursday, August 7th. Wall Street Zen cut shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Finally, Morgan Stanley initiated coverage on shares of Banco Bilbao Viscaya Argentaria in a research report on Tuesday, October 21st. They issued an “equal weight” rating for the company. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Banco Bilbao Viscaya Argentaria presently has a consensus rating of “Moderate Buy”.

Banco Bilbao Viscaya 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.