Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) Shares Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. boosted its stake in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 138.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 138,500 shares of the bank’s stock after acquiring an additional 80,364 shares during the quarter. Point72 Asset Management L.P.’s holdings in Banco Bilbao Vizcaya Argentaria were worth $1,501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Rothschild Investment LLC acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria in the 2nd quarter valued at approximately $40,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria in the 2nd quarter valued at approximately $43,000. Benjamin F. Edwards & Company Inc. lifted its holdings 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 period. Reston Wealth Management LLC acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria in the 3rd quarter valued at approximately $72,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 39.4% in the 3rd quarter. GAMMA Investing LLC now owns 9,074 shares of the bank’s stock valued at $98,000 after buying an additional 2,563 shares during the period. 2.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Banco Bilbao Vizcaya Argentaria currently has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Performance

Shares of BBVA stock opened at $10.02 on Wednesday. The stock has a fifty day moving average price of $9.89 and a 200 day moving average price of $10.20. The stock has a market cap of $58.50 billion, a PE ratio of 5.75, a P/E/G ratio of 0.99 and a beta of 1.28. Banco Bilbao Vizcaya Argentaria, S.A. has a 1 year low of $8.63 and a 1 year high of $12.20.

Banco Bilbao Vizcaya Argentaria Increases Dividend

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

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.