Pinnacle Wealth Planning Services Inc. Takes $172,000 Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 11,221 shares of the bank’s stock, valued at approximately $172,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its stake in shares of Banco Bilbao Viscaya Argentaria by 10.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,941,273 shares of the bank’s stock worth $149,020,000 after purchasing an additional 1,014,305 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Banco Bilbao Viscaya Argentaria by 17.1% during the second quarter. Envestnet Asset Management Inc. now owns 4,375,294 shares of the bank’s stock worth $67,247,000 after buying an additional 637,519 shares in the last quarter. Assetmark Inc. grew its position in Banco Bilbao Viscaya Argentaria by 1,198.6% during the second quarter. Assetmark Inc. now owns 491,502 shares of the bank’s stock worth $7,554,000 after buying an additional 453,654 shares during the period. Clark Capital Management Group Inc. increased its holdings in Banco Bilbao Viscaya Argentaria by 6.6% in the first quarter. Clark Capital Management Group Inc. now owns 5,578,381 shares of the bank’s stock valued at $75,978,000 after buying an additional 347,564 shares in the last quarter. Finally, Vident Advisory LLC lifted its position in shares of Banco Bilbao Viscaya Argentaria by 159.1% during the 1st quarter. Vident Advisory LLC now owns 447,780 shares of the bank’s stock valued at $6,099,000 after acquiring an additional 274,958 shares during the period. Institutional investors and hedge funds own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Trading Down 1.3%

Shares of BBVA stock opened at $20.25 on Friday. The company has a market capitalization of $118.19 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 1.07 and a beta of 1.21. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18. The firm has a 50-day moving average price of $19.65 and a 200 day moving average price of $17.38. Banco Bilbao Viscaya Argentaria S.A. has a twelve month low of $9.23 and a twelve month high of $22.09.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings results on Thursday, October 30th. The bank reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $10.62 billion during the quarter, compared to the consensus estimate of $10.47 billion. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. 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 Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 6th will be issued a $0.3736 dividend. The ex-dividend date is Thursday, November 6th. This represents a yield of 361.0%. Banco Bilbao Viscaya Argentaria’s payout ratio is 31.41%.

Wall Street Analyst Weigh In

BBVA has been the subject of several research analyst reports. Zacks Research downgraded Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Weiss Ratings reissued a “buy (a-)” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Wednesday. Wall Street Zen upgraded Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. 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, Morgan Stanley started coverage on shares of Banco Bilbao Viscaya Argentaria in a report on Tuesday, October 21st. They set an “equal weight” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

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.