Summitry LLC Boosts Holdings in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Summitry LLC lifted its stake in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 22.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,288 shares of the bank’s stock after acquiring an additional 5,628 shares during the period. Summitry LLC’s holdings in Banco Bilbao Vizcaya Argentaria were worth $294,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BBVA. FMR LLC raised its stake in Banco Bilbao Vizcaya Argentaria by 5.7% during the third quarter. FMR LLC now owns 6,370,344 shares of the bank’s stock worth $69,055,000 after purchasing an additional 344,355 shares during the period. American Century Companies Inc. increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 7.5% during the 4th quarter. American Century Companies Inc. now owns 2,226,849 shares of the bank’s stock worth $21,645,000 after buying an additional 156,006 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Banco Bilbao Vizcaya Argentaria by 4.0% in the 4th quarter. QRG Capital Management Inc. now owns 1,043,054 shares of the bank’s stock worth $10,138,000 after buying an additional 40,352 shares during the period. Altrius Capital Management Inc grew its position in Banco Bilbao Vizcaya Argentaria by 1.6% during the fourth quarter. Altrius Capital Management Inc now owns 771,981 shares of the bank’s stock valued at $7,504,000 after acquiring an additional 12,099 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Banco Bilbao Vizcaya Argentaria during the fourth quarter worth about $7,333,000. 2.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Hsbc Global Res raised Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Kepler Capital Markets raised shares of Banco Bilbao Vizcaya Argentaria from a “reduce” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, StockNews.com lowered shares of Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a research report on Saturday, March 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Banco Bilbao Vizcaya Argentaria presently has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Price Performance

Shares of NYSE BBVA opened at $14.49 on Wednesday. The company has a market capitalization of $84.59 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 0.80 and a beta of 1.26. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.01 and a quick ratio of 0.27. Banco Bilbao Vizcaya Argentaria, S.A. has a 1-year low of $9.23 and a 1-year high of $14.84. The business has a 50-day moving average of $12.66 and a 200-day moving average of $10.95.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last issued its quarterly earnings data on Tuesday, February 4th. The bank reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. Banco Bilbao Vizcaya Argentaria had a net margin of 28.10% and a return on equity of 17.49%. On average, equities analysts anticipate that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 EPS for the current fiscal year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.4439 per share. The ex-dividend date is Wednesday, April 9th. This is an increase from Banco Bilbao Vizcaya Argentaria’s previous dividend of $0.11. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio (DPR) is currently 28.18%.

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.