Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Shares Gap Down – Here’s Why

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) shares gapped down prior to trading on Friday . The stock had previously closed at $9.69, but opened at $9.43. Banco Bilbao Vizcaya Argentaria shares last traded at $9.49, with a volume of 201,151 shares trading hands.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Royal Bank of Canada upgraded Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research note on Wednesday, July 31st. StockNews.com upgraded Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, Citigroup raised Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Price Performance

The stock has a 50 day simple moving average of $10.17 and a two-hundred day simple moving average of $10.31. The company has a market cap of $55.93 billion, a price-to-earnings ratio of 5.48, a price-to-earnings-growth ratio of 0.97 and a beta of 1.31.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Friday, October 25th. Investors of record on Wednesday, October 9th were paid a dividend of $0.3244 per share. This is a positive change from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a yield of 5.6%. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is presently 29.31%.

Institutional Investors Weigh In On Banco Bilbao Vizcaya Argentaria

Several large investors have recently bought and sold shares of BBVA. Russell Investments Group Ltd. increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 48.2% in the 1st quarter. Russell Investments Group Ltd. now owns 5,788 shares of the bank’s stock valued at $69,000 after acquiring an additional 1,882 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Banco Bilbao Vizcaya Argentaria in the 1st quarter valued at about $464,000. Capital Research Global Investors increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 56.2% in the 1st quarter. Capital Research Global Investors now owns 233,631 shares of the bank’s stock valued at $2,766,000 after acquiring an additional 84,063 shares during the last quarter. Capital World Investors increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 3.2% in the 1st quarter. Capital World Investors now owns 175,823 shares of the bank’s stock valued at $2,082,000 after acquiring an additional 5,379 shares during the last quarter. Finally, Ascent Group LLC increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 11.4% in the 1st quarter. Ascent Group LLC now owns 24,040 shares of the bank’s stock valued at $285,000 after acquiring an additional 2,458 shares during the last quarter. Hedge funds and other institutional investors own 2.96% of the company’s stock.

Banco Bilbao Vizcaya 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.