Banco Bilbao Viscaya Argentaria S.A. $BBVA Shares Sold by St. Johns Investment Management Company LLC

St. Johns Investment Management Company LLC lowered its stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 12.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 20,764 shares of the bank’s stock after selling 3,000 shares during the period. St. Johns Investment Management Company LLC’s holdings in Banco Bilbao Viscaya Argentaria were worth $319,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Financial Management Professionals Inc. grew its position in shares of Banco Bilbao Viscaya Argentaria by 105.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,845 shares of the bank’s stock valued at $28,000 after buying an additional 949 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in Banco Bilbao Viscaya Argentaria during the 1st quarter valued at about $29,000. Private Trust Co. NA boosted its stake in Banco Bilbao Viscaya Argentaria by 224.7% during the 1st quarter. Private Trust Co. NA now owns 2,607 shares of the bank’s stock valued at $36,000 after purchasing an additional 1,804 shares during the period. Cullen Frost Bankers Inc. acquired a new position in Banco Bilbao Viscaya Argentaria during the 1st quarter valued at about $46,000. Finally, Bessemer Group Inc. boosted its stake in Banco Bilbao Viscaya Argentaria by 25.3% during the 1st quarter. Bessemer Group Inc. now owns 3,901 shares of the bank’s stock valued at $53,000 after purchasing an additional 787 shares during the period. Institutional investors own 2.96% of the company’s stock.

Analyst Ratings Changes

BBVA has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Sunday. Morgan Stanley began coverage on shares of Banco Bilbao Viscaya Argentaria in a research note on Tuesday. They set an “equal weight” rating for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Wednesday, October 8th. Finally, Barclays raised shares of Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a research note on Thursday, August 7th. One 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Trading Down 2.7%

Shares of NYSE:BBVA opened at $19.58 on Wednesday. The company has a 50 day moving average of $18.84 and a 200-day moving average of $16.29. The firm has a market cap of $114.28 billion, a P/E ratio of 10.30, a P/E/G ratio of 0.97 and a beta of 1.19. Banco Bilbao Viscaya Argentaria S.A. has a twelve month low of $9.23 and a twelve 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.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its quarterly earnings results on Thursday, July 31st. The bank reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.05. The firm had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.24 billion. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. As a group, analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share 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 issued a $0.3736 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a dividend yield of 395.0%. Banco Bilbao Viscaya Argentaria’s dividend payout ratio is currently 31.58%.

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.