GAMMA Investing LLC Has $2.99 Million Stock Holdings in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

GAMMA Investing LLC lifted its holdings in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 1,922.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 219,759 shares of the bank’s stock after acquiring an additional 208,893 shares during the quarter. GAMMA Investing LLC’s holdings in Banco Bilbao Vizcaya Argentaria were worth $2,993,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BBVA. Symmetry Investments LP acquired a new stake in Banco Bilbao Vizcaya Argentaria during the fourth quarter valued at $27,647,000. Northern Trust Corp boosted its position in Banco Bilbao Vizcaya Argentaria by 48.6% during the fourth quarter. Northern Trust Corp now owns 7,418,877 shares of the bank’s stock valued at $72,111,000 after purchasing an additional 2,424,880 shares during the last quarter. Millennium Management LLC boosted its position in Banco Bilbao Vizcaya Argentaria by 514.5% during the fourth quarter. Millennium Management LLC now owns 951,350 shares of the bank’s stock valued at $9,247,000 after purchasing an additional 796,526 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Banco Bilbao Vizcaya Argentaria during the fourth quarter valued at $7,333,000. Finally, Bank of America Corp DE boosted its position in Banco Bilbao Vizcaya Argentaria by 13.7% during the fourth quarter. Bank of America Corp DE now owns 5,108,410 shares of the bank’s stock valued at $49,654,000 after purchasing an additional 613,563 shares during the last quarter. Institutional investors and hedge funds own 2.96% of the company’s stock.

Banco Bilbao Vizcaya Argentaria Price Performance

NYSE BBVA opened at $15.32 on Friday. Banco Bilbao Vizcaya Argentaria, S.A. has a fifty-two week low of $9.23 and a fifty-two week high of $15.66. The stock’s 50-day moving average is $14.30 and its two-hundred day moving average is $12.58. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.01 and a quick ratio of 0.27. The firm has a market cap of $89.44 billion, a P/E ratio of 8.46, a price-to-earnings-growth ratio of 0.80 and a beta of 1.08.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last posted its earnings results on Tuesday, April 29th. The bank reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Banco Bilbao Vizcaya Argentaria had a return on equity of 17.49% and a net margin of 28.10%. The company had revenue of $10.61 billion for the quarter, compared to analyst estimates of $9.12 billion. On average, analysts anticipate that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 earnings per share for the current fiscal year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th were issued a $0.4439 dividend. This is an increase from Banco Bilbao Vizcaya Argentaria’s previous semi-annual dividend of $0.11. This represents a dividend yield of 4.3%. The ex-dividend date of this dividend was Wednesday, April 9th. Banco Bilbao Vizcaya Argentaria’s payout ratio is presently 39.15%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Kepler Capital Markets upgraded Banco Bilbao Vizcaya Argentaria from a “reduce” rating to a “hold” rating in a report on Thursday, February 27th. Wall Street Zen lowered Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Two equities research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Banco Bilbao Vizcaya Argentaria presently has an average rating of “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.