Cetera Investment Advisers Has $1.55 Million Stock Position in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Cetera Investment Advisers lifted its holdings in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 40.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 154,015 shares of the bank’s stock after buying an additional 44,131 shares during the period. Cetera Investment Advisers’ holdings in Banco Bilbao Vizcaya Argentaria were worth $1,545,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Truist Financial Corp increased its holdings in Banco Bilbao Vizcaya Argentaria by 0.4% in the 2nd quarter. Truist Financial Corp now owns 373,859 shares of the bank’s stock worth $3,750,000 after purchasing an additional 1,531 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Banco Bilbao Vizcaya Argentaria in the 2nd quarter worth about $520,000. Wallace Advisory Group LLC increased its holdings in Banco Bilbao Vizcaya Argentaria by 33.0% in the 2nd quarter. Wallace Advisory Group LLC now owns 14,433 shares of the bank’s stock worth $145,000 after purchasing an additional 3,581 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Banco Bilbao Vizcaya Argentaria by 198.3% in the 2nd quarter. NewEdge Advisors LLC now owns 91,450 shares of the bank’s stock worth $917,000 after purchasing an additional 60,797 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Banco Bilbao Vizcaya Argentaria by 35.6% in the 2nd quarter. AQR Capital Management LLC now owns 42,258 shares of the bank’s stock worth $424,000 after purchasing an additional 11,100 shares in the last quarter. Institutional investors and hedge funds own 2.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on BBVA. Citigroup upgraded Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research report 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. One research analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Performance

Shares of NYSE:BBVA opened at $10.14 on Wednesday. The business’s 50 day simple moving average is $10.34 and its two-hundred day simple moving average is $10.54. The firm has a market cap of $59.20 billion, a P/E ratio of 6.90, a PEG ratio of 1.10 and a beta of 1.30. Banco Bilbao Vizcaya Argentaria, S.A. has a 52-week low of $7.76 and a 52-week high of $12.20.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last issued its quarterly earnings data on Thursday, August 1st. The bank reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $9.93 billion during 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 last year, the company earned $0.36 earnings per share. On average, equities analysts forecast that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.75 earnings per share for the current fiscal year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, October 25th. Investors of record on Wednesday, October 9th will be given a dividend of $0.3244 per share. This represents a dividend yield of 5.6%. This is an increase from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. The ex-dividend date is Wednesday, October 9th. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio (DPR) is presently 35.37%.

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.