Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Shares Gap Down – What’s Next?

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) shares gapped down before the market opened on Friday . The stock had previously closed at $9.69, but opened at $9.43. Banco Bilbao Vizcaya Argentaria shares last traded at $9.49, with a volume of 201,151 shares traded.

Analyst Ratings Changes

A number of brokerages recently weighed in on BBVA. Royal Bank of Canada raised shares of Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research note on Wednesday, July 31st. Citigroup upgraded Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research report on Friday, August 9th. Finally, StockNews.com upgraded Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Performance

The firm has a market capitalization of $55.69 billion, a PE ratio of 5.48, a price-to-earnings-growth ratio of 0.96 and a beta of 1.31. The stock’s 50 day simple moving average is $10.15 and its two-hundred day simple moving average is $10.29.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, October 25th. Shareholders of record on Wednesday, October 9th were paid a dividend of $0.3244 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a yield of 5.6%. This is a positive change from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. Banco Bilbao Vizcaya Argentaria’s payout ratio is 29.31%.

Institutional Trading of Banco Bilbao Vizcaya Argentaria

Hedge funds and other institutional investors have recently modified their holdings of the stock. Clearbridge Investments LLC grew its holdings in shares of Banco Bilbao Vizcaya Argentaria by 172.8% in the second 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 period. Dimensional Fund Advisors LP grew its stake in shares of Banco Bilbao Vizcaya Argentaria by 5.9% in the 2nd 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 period. Envestnet Asset Management Inc. increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 9.9% during the 2nd 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 last quarter. Raymond James & Associates raised its position in shares of Banco Bilbao Vizcaya Argentaria by 91.0% during the 3rd quarter. Raymond James & Associates now owns 776,389 shares of the bank’s stock valued at $8,416,000 after buying an additional 369,971 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Banco Bilbao Vizcaya Argentaria by 24.2% in the second 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 last quarter. 2.96% of the stock is owned by institutional investors and hedge funds.

About Banco Bilbao Vizcaya 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.