Gabelli Funds LLC Sells 1,062 Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Gabelli Funds LLC reduced its stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 6.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,178 shares of the bank’s stock after selling 1,062 shares during the period. Gabelli Funds LLC’s holdings in Banco Bilbao Vizcaya Argentaria were worth $152,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BBVA. Rothschild Investment LLC bought a new position in Banco Bilbao Vizcaya Argentaria in the 2nd quarter worth about $40,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Banco Bilbao Vizcaya Argentaria in the second quarter valued at approximately $43,000. Financial Management Professionals Inc. grew its stake in Banco Bilbao Vizcaya Argentaria by 295.3% during the first quarter. Financial Management Professionals Inc. now owns 4,076 shares of the bank’s stock valued at $48,000 after acquiring an additional 3,045 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Banco Bilbao Vizcaya Argentaria by 67.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,924 shares of the bank’s stock worth $49,000 after acquiring an additional 1,990 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Banco Bilbao Vizcaya Argentaria by 567.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 4,646 shares of the bank’s stock valued at $55,000 after purchasing an additional 3,950 shares during the period. 2.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Citigroup raised Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research note on Friday, August 9th. Royal Bank of Canada upgraded Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research report on Wednesday, July 31st. Finally, BNP Paribas cut shares of Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a research report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Down 0.7 %

BBVA opened at $11.07 on Friday. The business’s fifty day simple moving average is $10.37 and its 200 day simple moving average is $10.65. Banco Bilbao Vizcaya Argentaria, S.A. has a 52 week low of $7.76 and a 52 week high of $12.20. The stock has a market cap of $64.60 billion, a PE ratio of 7.53, a P/E/G ratio of 1.03 and a beta of 1.30.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last announced its quarterly earnings data on Thursday, August 1st. The bank reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $9.93 billion for the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 16.40% and a net margin of 27.55%. During the same period in the prior year, the business posted $0.36 earnings per share. As a group, equities analysts anticipate 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 disclosed a dividend, which will be paid on Friday, October 25th. Stockholders of record on Wednesday, October 9th will be paid a $0.3244 dividend. This is a boost from Banco Bilbao Vizcaya Argentaria’s previous dividend of $0.11. The ex-dividend date of this dividend is Wednesday, October 9th. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is 45.58%.

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.