Pitcairn Co. Decreases Stock Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Pitcairn Co. decreased its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 24.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,541 shares of the bank’s stock after selling 25,780 shares during the quarter. Pitcairn Co.’s holdings in Banco Bilbao Viscaya Argentaria were worth $1,531,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BBVA. Navigoe LLC purchased a new stake in Banco Bilbao Viscaya Argentaria during the 3rd quarter worth approximately $26,000. Cornerstone Planning Group LLC grew its position in shares of Banco Bilbao Viscaya Argentaria by 183.2% during the third quarter. Cornerstone Planning Group LLC now owns 1,597 shares of the bank’s stock worth $32,000 after buying an additional 1,033 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Banco Bilbao Viscaya Argentaria during the second quarter worth approximately $30,000. Westside Investment Management Inc. increased its stake in shares of Banco Bilbao Viscaya Argentaria by 100.0% in the third quarter. Westside Investment Management Inc. now owns 2,316 shares of the bank’s stock worth $45,000 after buying an additional 1,158 shares during the last quarter. Finally, Salomon & Ludwin LLC raised its holdings in Banco Bilbao Viscaya Argentaria by 2,989.5% in the third quarter. Salomon & Ludwin LLC now owns 2,348 shares of the bank’s stock valued at $45,000 after acquiring an additional 2,272 shares in the last quarter. Hedge funds and other institutional investors own 2.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Royal Bank Of Canada lowered shares of Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, December 29th. Zacks Research upgraded Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Stock Down 0.9%

BBVA opened at $21.34 on Friday. The company’s 50-day moving average price is $23.87 and its 200 day moving average price is $21.44. Banco Bilbao Viscaya Argentaria S.A. has a fifty-two week low of $11.59 and a fifty-two week high of $26.20. The firm has a market cap of $122.99 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 0.56 and a beta of 0.80.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its earnings results on Thursday, February 5th. The bank reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. The company had revenue of $11.49 billion during the quarter, compared to analyst estimates of $10.74 billion. Banco Bilbao Viscaya Argentaria had a return on equity of 17.29% and a net margin of 28.43%. Research analysts anticipate 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 business also recently disclosed a dividend, which will be paid on Monday, April 27th. Investors of record on Thursday, April 9th will be paid a dividend of $0.7084 per share. This represents a yield of 678.0%. The ex-dividend date is Thursday, April 9th. Banco Bilbao Viscaya Argentaria’s dividend payout ratio is presently 30.46%.

Banco Bilbao Viscaya Argentaria Company Profile

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.