Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) Shares Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. raised its stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 32.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,025 shares of the bank’s stock after acquiring an additional 32,208 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Banco Bilbao Vizcaya Argentaria were worth $1,431,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in BBVA. Clearbridge Investments LLC lifted its position in Banco Bilbao Vizcaya Argentaria by 172.8% in the 2nd quarter. Clearbridge Investments LLC now owns 3,096,738 shares of the bank’s stock valued at $31,060,000 after purchasing an additional 1,961,553 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Banco Bilbao Vizcaya Argentaria by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 11,103,927 shares of the bank’s stock valued at $111,371,000 after buying an additional 619,836 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Banco Bilbao Vizcaya Argentaria by 9.9% during the second quarter. Envestnet Asset Management Inc. now owns 4,412,058 shares of the bank’s stock worth $44,253,000 after buying an additional 396,829 shares during the period. Raymond James & Associates grew its holdings in Banco Bilbao Vizcaya Argentaria by 91.0% in the 3rd quarter. Raymond James & Associates now owns 776,389 shares of the bank’s stock worth $8,416,000 after buying an additional 369,971 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Banco Bilbao Vizcaya Argentaria by 24.2% in the 2nd quarter. American Century Companies Inc. now owns 1,890,079 shares of the bank’s stock valued at $18,957,000 after acquiring an additional 368,660 shares during the period. 2.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BBVA shares. Citigroup raised Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research note on Friday, August 9th. Royal Bank of Canada raised shares of Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Performance

Shares of BBVA stock opened at $9.70 on Friday. Banco Bilbao Vizcaya Argentaria, S.A. has a 1 year low of $7.76 and a 1 year high of $12.20. The business’s fifty day moving average is $10.34 and its 200-day moving average is $10.45. The stock has a market cap of $56.63 billion, a PE ratio of 6.60, a price-to-earnings-growth ratio of 1.10 and a beta of 1.30.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last issued its quarterly earnings results on Thursday, August 1st. The bank reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. Banco Bilbao Vizcaya Argentaria had a net margin of 27.55% and a return on equity of 16.40%. The firm had revenue of $9.93 billion for the quarter. During the same quarter last year, the firm posted $0.36 earnings per share. Equities research analysts predict that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.75 earnings per share for the current year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Friday, October 25th. Investors of record on Wednesday, October 9th were issued a dividend of $0.3244 per share. This represents a yield of 5.6%. This is a boost from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. The ex-dividend date of this dividend was Wednesday, October 9th. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio (DPR) is presently 34.69%.

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.