Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) Shares Bought by Whittier Trust Co.

Whittier Trust Co. raised its holdings in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 7.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 92,846 shares of the bank’s stock after buying an additional 6,758 shares during the quarter. Whittier Trust Co.’s holdings in Banco Bilbao Vizcaya Argentaria were worth $1,006,000 as of its most recent SEC filing.

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

Banco Bilbao Vizcaya Argentaria Stock Performance

Shares of Banco Bilbao Vizcaya Argentaria stock opened at $9.92 on Wednesday. The company has a market capitalization of $57.91 billion, a P/E ratio of 6.75, a PEG ratio of 1.10 and a beta of 1.30. Banco Bilbao Vizcaya Argentaria, S.A. has a 1 year low of $7.76 and a 1 year high of $12.20. The company’s fifty day moving average is $10.36 and its two-hundred day moving average is $10.47.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last issued its quarterly earnings results on Thursday, August 1st. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. Banco Bilbao Vizcaya Argentaria had a return on equity of 16.40% and a net margin of 27.55%. The firm had revenue of $9.93 billion for the quarter. During the same quarter last year, the firm earned $0.36 EPS. As a group, equities analysts expect 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 business also recently declared a Semi-Annual dividend, which will be paid on Friday, October 25th. Investors of record on Wednesday, October 9th will be issued a dividend of $0.3244 per share. The ex-dividend date is Wednesday, October 9th. This is an increase from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. This represents a dividend yield of 5.6%. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio (DPR) is currently 35.37%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Citigroup raised Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a report on Friday, August 9th. Royal Bank of Canada upgraded 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 assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

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.