West Family Investments Inc. Buys New Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

West Family Investments Inc. purchased a new stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) during the 2nd quarter, HoldingsChannel reports. The firm purchased 34,671 shares of the bank’s stock, valued at approximately $533,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. increased its position in shares of 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 valued at $149,020,000 after buying an additional 1,014,305 shares during the period. Clark Capital Management Group Inc. lifted its stake in shares of 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 valued at $75,978,000 after purchasing an additional 347,564 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Banco Bilbao Viscaya Argentaria by 11.4% during the second 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 in the last quarter. Envestnet Asset Management Inc. grew its stake in Banco Bilbao Viscaya Argentaria by 17.1% in the second 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 period. Finally, American Century Companies Inc. raised its holdings in Banco Bilbao Viscaya Argentaria by 11.3% in the second quarter. American Century Companies Inc. now owns 2,632,191 shares of the bank’s stock worth $40,457,000 after purchasing an additional 267,740 shares in the last quarter. 2.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BBVA has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Tuesday. Wall Street Zen lowered shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Research downgraded shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Morgan Stanley initiated coverage on Banco Bilbao Viscaya Argentaria in a research report on Tuesday, October 21st. They set an “equal weight” rating for the company. Finally, Barclays raised Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a research report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Stock Up 0.4%

BBVA stock opened at $21.58 on Friday. The company has a market cap of $125.98 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 1.07 and a beta of 1.21. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current ratio of 1.01. The business’s 50-day moving average is $19.89 and its two-hundred day moving average is $17.69. Banco Bilbao Viscaya Argentaria S.A. has a fifty-two week low of $9.28 and a fifty-two week high of $22.09.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings data on Thursday, October 30th. The bank reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $10.59 billion for 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%. As a group, analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 6th were given a $0.3736 dividend. The ex-dividend date was Thursday, November 6th. This represents a yield of 361.0%. Banco Bilbao Viscaya Argentaria’s dividend payout ratio (DPR) is presently 30.89%.

About Banco Bilbao Viscaya Argentaria

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.