Ativo Capital Management LLC Has $1.59 Million Holdings in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Ativo Capital Management LLC cut its stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,581 shares of the bank’s stock after selling 3,072 shares during the period. Ativo Capital Management LLC’s holdings in Banco Bilbao Viscaya Argentaria were worth $1,592,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Financial Management Professionals Inc. lifted its holdings in Banco Bilbao Viscaya Argentaria by 105.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,845 shares of the bank’s stock worth $28,000 after purchasing an additional 949 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in Banco Bilbao Viscaya Argentaria during the 1st quarter worth approximately $29,000. Private Trust Co. NA lifted its holdings in shares of Banco Bilbao Viscaya Argentaria by 224.7% during the first quarter. Private Trust Co. NA now owns 2,607 shares of the bank’s stock worth $36,000 after buying an additional 1,804 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Banco Bilbao Viscaya Argentaria during the first quarter worth $46,000. Finally, Bessemer Group Inc. lifted its holdings in shares of Banco Bilbao Viscaya Argentaria by 25.3% during the first quarter. Bessemer Group Inc. now owns 3,901 shares of the bank’s stock worth $53,000 after buying an additional 787 shares in the last quarter. 2.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BBVA. Weiss Ratings reiterated a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Wednesday, October 8th. Barclays upgraded shares of Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a research report on Thursday, August 7th. Finally, Wall Street Zen upgraded shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Banco Bilbao Viscaya Argentaria currently has an average rating of “Buy”.

Banco Bilbao Viscaya Argentaria Stock Performance

Banco Bilbao Viscaya Argentaria stock opened at $18.35 on Tuesday. The business has a 50 day moving average of $18.70 and a 200-day moving average of $16.06. Banco Bilbao Viscaya Argentaria S.A. has a 1 year low of $9.23 and a 1 year high of $19.42. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $107.11 billion, a P/E ratio of 9.66, a P/E/G ratio of 0.95 and a beta of 1.19.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its quarterly earnings results on Thursday, July 31st. The bank reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.05. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. The firm had revenue of $10.30 billion during the quarter, compared to analysts’ expectations of $10.24 billion. On average, equities research analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current year.

Banco Bilbao Viscaya Argentaria Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, November 24th. Investors of record on Thursday, November 6th will be issued a $0.3736 dividend. This represents a yield of 395.0%. The ex-dividend date is Thursday, November 6th. Banco Bilbao Viscaya Argentaria’s dividend payout ratio is presently 38.95%.

About Banco Bilbao Viscaya 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.