Banco Bilbao Viscaya Argentaria S.A. $BBVA Shares Purchased by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC boosted its stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 112.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,069 shares of the bank’s stock after purchasing an additional 37,567 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Banco Bilbao Viscaya Argentaria were worth $1,981,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. CoreCap Advisors LLC grew its stake in shares of Banco Bilbao Viscaya Argentaria by 192.9% during the 3rd quarter. CoreCap Advisors LLC now owns 911 shares of the bank’s stock valued at $25,000 after buying an additional 600 shares during the period. Whipplewood Advisors LLC purchased a new position in shares of Banco Bilbao Viscaya Argentaria in the 1st quarter worth $27,000. Retirement Wealth Solutions LLC raised its position in shares of Banco Bilbao Viscaya Argentaria by 53.5% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 1,127 shares of the bank’s stock worth $31,000 after buying an additional 393 shares during the period. Western Wealth Management LLC acquired a new position in Banco Bilbao Viscaya Argentaria in the first quarter valued at $33,000. Finally, FNY Investment Advisers LLC acquired a new position in Banco Bilbao Viscaya Argentaria in the second quarter valued at $37,000. Institutional investors and hedge funds own 2.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BBVA. Weiss Ratings restated a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Friday, July 31st. Wall Street Zen raised Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Keefe, Bruyette & Woods cut Banco Bilbao Viscaya Argentaria from a “moderate buy” rating to a “hold” rating in a report on Wednesday, August 12th. Bank of America downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 15th. Finally, Zacks Research upgraded shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Banco Bilbao Viscaya Argentaria Trading Down 0.4%

NYSE:BBVA opened at $26.16 on Friday. The business’s 50-day moving average is $28.48 and its two-hundred day moving average is $25.20. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.06 and a quick ratio of 1.06. Banco Bilbao Viscaya Argentaria S.A. has a 12 month low of $17.90 and a 12 month high of $29.64. The firm has a market capitalization of $145.97 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 0.69 and a beta of 0.82.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its earnings results on Tuesday, June 30th. The bank reported $0.62 earnings per share for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 18.05% and a net margin of 27.75%.The company had revenue of $11.99 billion during the quarter. Research analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 2.42 earnings per share for the current fiscal year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th will be paid a dividend of $0.4168 per share. The ex-dividend date is Wednesday, October 14th. This represents a dividend yield of 309.0%. Banco Bilbao Viscaya Argentaria’s dividend payout ratio (DPR) is currently 30.45%.

Banco Bilbao Viscaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria, SA (NYSE: BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank provides retail and commercial banking, corporate and investment banking, wealth management, asset management, payments and insurance services to individuals, businesses, institutions and public-sector clients.

BBVA traces its origins to Banco de Bilbao, founded in 1857. The modern group was formed through the merger of Banco Bilbao Vizcaya and Argentaria in 1999.