Ritholtz Wealth Management Sells 10,011 Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Ritholtz Wealth Management lessened its stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 2.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 472,375 shares of the bank’s stock after selling 10,011 shares during the quarter. Ritholtz Wealth Management’s holdings in Banco Bilbao Vizcaya Argentaria were worth $5,121,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Capital Research Global Investors boosted its stake in Banco Bilbao Vizcaya Argentaria by 56.2% during the 1st quarter. Capital Research Global Investors now owns 233,631 shares of the bank’s stock worth $2,766,000 after acquiring an additional 84,063 shares during the last quarter. Capital Wealth Planning LLC increased its position in shares of Banco Bilbao Vizcaya Argentaria by 30.1% in the 1st quarter. Capital Wealth Planning LLC now owns 432,620 shares of the bank’s stock valued at $5,122,000 after buying an additional 100,170 shares in the last quarter. Deltec Asset Management LLC bought a new position in Banco Bilbao Vizcaya Argentaria during the second quarter worth about $928,000. Norden Group LLC bought a new stake in shares of Banco Bilbao Vizcaya Argentaria in the first quarter worth about $979,000. Finally, Sequoia Financial Advisors LLC raised its position in shares of Banco Bilbao Vizcaya Argentaria by 5.8% during the second quarter. Sequoia Financial Advisors LLC now owns 88,022 shares of the bank’s stock worth $883,000 after purchasing an additional 4,850 shares during the period. Institutional investors and hedge funds own 2.96% of the company’s stock.

Banco Bilbao Vizcaya Argentaria Trading Up 1.2 %

Shares of BBVA stock traded up $0.12 on Friday, hitting $10.18. 868,092 shares of the stock were exchanged, compared to its average volume of 1,483,469. The business has a 50-day moving average of $10.31 and a 200 day moving average of $10.58. Banco Bilbao Vizcaya Argentaria, S.A. has a fifty-two week low of $7.76 and a fifty-two week high of $12.20. The firm has a market capitalization of $59.43 billion, a P/E ratio of 6.29, a price-to-earnings-growth ratio of 1.10 and a beta of 1.30.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last posted its quarterly earnings data on Thursday, August 1st. The bank reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Banco Bilbao Vizcaya Argentaria had a net margin of 27.55% and a return on equity of 16.40%. The company had revenue of $9.93 billion for the quarter. During the same quarter last year, the business earned $0.36 earnings per share. As a group, research analysts forecast 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 announced a Semi-Annual dividend, which will be paid on Friday, October 25th. Investors of record on Wednesday, October 9th will be given a $0.3244 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. 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. Banco Bilbao Vizcaya Argentaria’s payout ratio is currently 32.72%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BBVA shares. Citigroup upgraded Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research report on Friday, August 9th. Royal Bank of Canada upgraded shares of Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Banco Bilbao Vizcaya Argentaria currently has an average rating of “Moderate Buy”.

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.