Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) has earned a consensus rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company.

Several research analysts have commented on the company. Weiss Ratings raised Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday. Zacks Research lowered shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Morgan Stanley began coverage on shares of Banco Bilbao Viscaya Argentaria in a report on Tuesday, October 21st. They issued an “equal weight” rating for the company. Barclays upgraded shares of Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a research report on Thursday, August 7th. Finally, Wall Street Zen raised shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research report on Saturday.

Banco Bilbao Viscaya Argentaria Stock Performance

NYSE:BBVA opened at $21.20 on Friday. The firm has a market capitalization of $123.74 billion, a PE ratio of 11.16, a PEG ratio of 1.07 and a beta of 1.21. Banco Bilbao Viscaya Argentaria has a 1 year low of $9.23 and a 1 year high of $22.09. 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 firm’s fifty day simple moving average is $19.52 and its 200 day simple moving average is $17.20.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its quarterly earnings results on Thursday, October 30th. The bank reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $10.62 billion during the quarter, compared to analysts’ expectations of $10.47 billion. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. On average, sell-side analysts anticipate that Banco Bilbao Viscaya Argentaria 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. Shareholders of record on Thursday, November 6th will be given a $0.3736 dividend. The ex-dividend date is Thursday, November 6th. This represents a dividend yield of 361.0%. Banco Bilbao Viscaya Argentaria’s dividend payout ratio (DPR) is currently 31.41%.

Institutional Trading of Banco Bilbao Viscaya Argentaria

A number of institutional investors and hedge funds have recently modified their holdings of BBVA. Bank of America Corp DE grew its position in Banco Bilbao Viscaya Argentaria by 28.0% in the second quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock valued at $142,760,000 after acquiring an additional 2,034,318 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 10.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,941,273 shares of the bank’s stock valued at $149,020,000 after purchasing an additional 1,014,305 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 17.1% in 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. American Century Companies Inc. lifted its holdings in Banco Bilbao Viscaya Argentaria by 23.4% during the 3rd quarter. American Century Companies Inc. now owns 3,248,176 shares of the bank’s stock valued at $62,527,000 after purchasing an additional 615,985 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Banco Bilbao Viscaya Argentaria by 11.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,548,398 shares of the bank’s stock valued at $69,909,000 after purchasing an additional 467,226 shares during the last quarter. 2.96% of the stock is currently owned by institutional investors.

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.