Hsbc Holdings PLC Sells 5,390 Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Hsbc Holdings PLC cut its stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 34.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,330 shares of the bank’s stock after selling 5,390 shares during the period. Hsbc Holdings PLC’s holdings in Banco Bilbao Vizcaya Argentaria were worth $101,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group lifted its position in shares of Banco Bilbao Vizcaya Argentaria by 120.7% in the 4th quarter. Brooklyn Investment Group now owns 3,540 shares of the bank’s stock worth $34,000 after purchasing an additional 1,936 shares during the period. Huntington National Bank raised its stake in Banco Bilbao Vizcaya Argentaria by 96.7% during the fourth quarter. Huntington National Bank now owns 3,616 shares of the bank’s stock worth $35,000 after buying an additional 1,778 shares during the last quarter. Avion Wealth acquired a new position in Banco Bilbao Vizcaya Argentaria in the fourth quarter valued at $39,000. Barclays PLC bought a new stake in Banco Bilbao Vizcaya Argentaria during the third quarter valued at $41,000. Finally, Sierra Ocean LLC acquired a new stake in Banco Bilbao Vizcaya Argentaria during the 4th quarter worth about $49,000. Institutional investors and hedge funds own 2.96% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on BBVA. Hsbc Global Res upgraded Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. StockNews.com cut Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a report on Friday. Finally, Kepler Capital Markets raised Banco Bilbao Vizcaya Argentaria from a “reduce” rating to a “hold” rating in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Banco Bilbao Vizcaya Argentaria has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Trading Up 0.3%

NYSE BBVA opened at $14.47 on Monday. The company has a current ratio of 1.01, a quick ratio of 0.27 and a debt-to-equity ratio of 1.16. The business has a fifty day simple moving average of $13.71 and a 200 day simple moving average of $11.72. Banco Bilbao Vizcaya Argentaria, S.A. has a 12 month low of $9.23 and a 12 month high of $14.84. The firm has a market capitalization of $84.47 billion, a P/E ratio of 7.99, a PEG ratio of 0.80 and a beta of 1.05.

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

Banco Bilbao Vizcaya Argentaria Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th were given a dividend of $0.4439 per share. The ex-dividend date was Wednesday, April 9th. This represents a dividend yield of 4.3%. This is a boost from Banco Bilbao Vizcaya Argentaria’s previous semi-annual dividend of $0.11. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio (DPR) is currently 39.15%.

Banco Bilbao Vizcaya Argentaria Company 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.