Cookson Peirce & Co. Inc. Buys New Shares in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Cookson Peirce & Co. Inc. bought a new stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 46,865 shares of the bank’s stock, valued at approximately $720,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Financial Management Professionals Inc. lifted its stake in Banco Bilbao Viscaya Argentaria by 105.9% during the second quarter. Financial Management Professionals Inc. now owns 1,845 shares of the bank’s stock valued at $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 first quarter valued at approximately $29,000. Private Trust Co. NA lifted its stake in 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 valued at $36,000 after purchasing an additional 1,804 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in Banco Bilbao Viscaya Argentaria during the first quarter valued at approximately $46,000. Finally, Bessemer Group Inc. lifted its position in shares of Banco Bilbao Viscaya Argentaria by 25.3% in the 1st quarter. Bessemer Group Inc. now owns 3,901 shares of the bank’s stock valued at $53,000 after acquiring an additional 787 shares in the last quarter. 2.96% of the stock is owned by institutional investors and hedge funds.

Banco Bilbao Viscaya Argentaria Trading Up 0.4%

Shares of BBVA stock opened at $19.65 on Thursday. Banco Bilbao Viscaya Argentaria S.A. has a 12-month low of $9.23 and a 12-month high of $20.16. The company has a market capitalization of $114.69 billion, a P/E ratio of 10.34, a P/E/G ratio of 1.03 and a beta of 1.19. The firm has a 50-day moving average price of $18.86 and a 200 day moving average price of $16.31. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18.

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 the consensus estimate of $10.24 billion. Research analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current fiscal year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 6th will be given 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 (DPR) is presently 38.95%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Morgan Stanley initiated coverage on shares of Banco Bilbao Viscaya Argentaria in a research report on Tuesday. They issued an “equal weight” rating for the company. Barclays upgraded shares of Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a research note on Thursday, August 7th. Wall Street Zen lowered shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Banco Bilbao Viscaya 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.