Pitcairn Co. Trims Holdings in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Pitcairn Co. cut its position in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 5.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 133,093 shares of the bank’s stock after selling 7,248 shares during the quarter. Pitcairn Co.’s holdings in Banco Bilbao Vizcaya Argentaria were worth $1,443,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Rothschild Investment LLC purchased a new stake in Banco Bilbao Vizcaya Argentaria in the 2nd quarter worth approximately $40,000. Ashton Thomas Private Wealth LLC acquired a new position in Banco Bilbao Vizcaya Argentaria in the second quarter valued at $43,000. Benjamin F. Edwards & Company Inc. increased its stake in Banco Bilbao Vizcaya Argentaria by 67.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,924 shares of the bank’s stock valued at $49,000 after purchasing an additional 1,990 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Banco Bilbao Vizcaya Argentaria by 48.2% in the 1st quarter. Russell Investments Group Ltd. now owns 5,788 shares of the bank’s stock worth $69,000 after buying an additional 1,882 shares during the last quarter. Finally, Reston Wealth Management LLC acquired a new stake in Banco Bilbao Vizcaya Argentaria in the 3rd quarter worth about $72,000. Institutional investors and hedge funds own 2.96% of the company’s stock.

Banco Bilbao Vizcaya Argentaria Stock Performance

Shares of NYSE:BBVA opened at $9.54 on Friday. The stock has a 50-day simple moving average of $10.15 and a 200-day simple moving average of $10.29. The stock has a market capitalization of $55.69 billion, a P/E ratio of 5.48, a PEG ratio of 0.96 and a beta of 1.31. 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 firm also recently disclosed a Semi-Annual dividend, which was paid on Friday, October 25th. Shareholders of record on Wednesday, October 9th were paid a dividend of $0.3244 per share. This is an increase from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. This represents a yield of 5.6%. The ex-dividend date was Wednesday, October 9th. Banco Bilbao Vizcaya Argentaria’s payout ratio is currently 29.31%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BBVA shares. Citigroup upgraded shares of Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a report on Friday, August 9th. Royal Bank of Canada raised shares of Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research note on Wednesday, July 31st. Finally, StockNews.com raised shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Banco Bilbao Vizcaya Argentaria currently 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.