Banco Bilbao Viscaya Argentaria S.A. $BBVA Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. boosted its position in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 23.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 244,885 shares of the bank’s stock after purchasing an additional 46,812 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Banco Bilbao Viscaya Argentaria were worth $5,708,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of Banco Bilbao Viscaya Argentaria by 28.0% during the 2nd quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock worth $142,760,000 after purchasing an additional 2,034,318 shares in the last quarter. Capital International Investors increased its position in Banco Bilbao Viscaya Argentaria by 0.6% during the third quarter. Capital International Investors now owns 6,616,619 shares of the bank’s stock worth $125,914,000 after buying an additional 40,320 shares in the last quarter. Clark Capital Management Group Inc. lifted its position in shares of Banco Bilbao Viscaya Argentaria by 2.0% in the third quarter. Clark Capital Management Group Inc. now owns 5,755,246 shares of the bank’s stock valued at $110,788,000 after acquiring an additional 113,250 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 4,846,150 shares of the bank’s stock valued at $93,288,000 after acquiring an additional 297,752 shares during the last quarter. Finally, American Century Companies Inc. increased its position 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 worth $62,527,000 after purchasing an additional 615,985 shares in the last quarter. Hedge funds and other institutional investors own 2.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BBVA shares. Royal Bank Of Canada cut shares of Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 28th. Wall Street Zen raised shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Zacks Research lowered Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Finally, Weiss Ratings raised Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Price Performance

NYSE BBVA opened at $20.43 on Monday. The business’s 50-day simple moving average is $23.06 and its 200-day simple moving average is $21.76. The firm has a market capitalization of $117.72 billion, a P/E ratio of 10.37, a P/E/G ratio of 0.54 and a beta of 0.80. Banco Bilbao Viscaya Argentaria S.A. has a 1-year low of $11.59 and a 1-year high of $26.20.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its quarterly earnings results on Thursday, February 5th. The bank reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. Banco Bilbao Viscaya Argentaria had a net margin of 28.43% and a return on equity of 17.29%. The firm had revenue of $11.49 billion for the quarter, compared to analysts’ expectations of $10.74 billion. On average, equities research analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Banco Bilbao Viscaya Argentaria Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, April 27th. Shareholders of record on Thursday, April 9th will be paid a dividend of $0.7084 per share. This represents a dividend yield of 678.0%. The ex-dividend date is Thursday, April 9th. Banco Bilbao Viscaya Argentaria’s payout ratio is currently 57.87%.

About Banco Bilbao Viscaya Argentaria

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank traces its roots to several historic regional banks and was formed through a series of mergers that consolidated its position as one of Spain’s largest banking groups. BBVA operates as a universal bank offering a broad range of financial services to retail, corporate and institutional clients.

BBVA’s core businesses include retail and commercial banking, corporate and investment banking, private banking and wealth management, asset management, and insurance.