Wellington Management Group LLP Sells 195,148 Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Wellington Management Group LLP lowered its position in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 10.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,731,649 shares of the bank’s stock after selling 195,148 shares during the period. Wellington Management Group LLP’s holdings in Banco Bilbao Vizcaya Argentaria were worth $18,771,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BBVA. Cetera Advisors LLC bought a new position in Banco Bilbao Vizcaya Argentaria in the 1st quarter worth $191,000. Diversified Trust Co purchased a new stake in Banco Bilbao Vizcaya Argentaria in the 2nd quarter worth $135,000. Wealth Enhancement Advisory Services LLC lifted its stake in Banco Bilbao Vizcaya Argentaria by 5.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 29,099 shares of the bank’s stock worth $292,000 after purchasing an additional 1,397 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Banco Bilbao Vizcaya Argentaria by 7.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 65,695 shares of the bank’s stock worth $659,000 after purchasing an additional 4,275 shares in the last quarter. Finally, Portside Wealth Group LLC lifted its stake in Banco Bilbao Vizcaya Argentaria by 61.5% in the 2nd quarter. Portside Wealth Group LLC now owns 24,982 shares of the bank’s stock worth $251,000 after purchasing an additional 9,511 shares in the last quarter. Institutional investors own 2.96% of the company’s stock.

Banco Bilbao Vizcaya Argentaria Trading Up 1.2 %

Shares of NYSE BBVA opened at $10.19 on Friday. The firm’s 50-day moving average price is $9.87 and its 200-day moving average price is $10.19. The stock has a market capitalization of $59.49 billion, a price-to-earnings ratio of 5.86, a P/E/G ratio of 0.98 and a beta of 1.28. Banco Bilbao Vizcaya Argentaria, S.A. has a 12-month low of $8.63 and a 12-month high of $12.20.

Banco Bilbao Vizcaya Argentaria Increases Dividend

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

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. 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 stock. According to MarketBeat, Banco Bilbao Vizcaya Argentaria has a consensus 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.