Diversify Wealth Management LLC Buys 8,512 Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Diversify Wealth Management LLC raised its stake in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 10.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,869 shares of the bank’s stock after acquiring an additional 8,512 shares during the quarter. Diversify Wealth Management LLC’s holdings in Banco Bilbao Vizcaya Argentaria were worth $985,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position 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 worth $111,371,000 after purchasing an additional 619,836 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Banco Bilbao Vizcaya Argentaria by 9.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,412,058 shares of the bank’s stock worth $44,253,000 after purchasing an additional 396,829 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of 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 worth $31,060,000 after purchasing an additional 1,961,553 shares in the last quarter. American Century Companies Inc. boosted its position in shares of 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 worth $18,957,000 after purchasing an additional 368,660 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of Banco Bilbao Vizcaya Argentaria by 1.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,363,752 shares of the bank’s stock worth $16,147,000 after purchasing an additional 20,719 shares in the last quarter. Institutional investors own 2.96% of the company’s stock.

Wall Street Analyst Weigh In

BBVA has been the subject of a number of recent analyst reports. Citigroup raised Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research report on Friday, August 9th. Royal Bank of Canada raised Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Banco Bilbao Vizcaya Argentaria has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Performance

Shares of BBVA opened at $9.86 on Thursday. The stock has a 50-day moving average of $10.31 and a two-hundred day moving average of $10.42. Banco Bilbao Vizcaya Argentaria, S.A. has a one year low of $7.76 and a one year high of $12.20. The stock has a market cap of $57.53 billion, a P/E ratio of 6.70, a P/E/G ratio of 1.10 and a beta of 1.30.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released 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 business 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 quarter in the previous year, the business posted $0.36 EPS. Analysts predict that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.75 EPS for the current fiscal year.

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 dividend 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 dividend payout ratio (DPR) is presently 34.69%.

Banco Bilbao Vizcaya Argentaria 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.