PNC Financial Services Group Inc. Cuts Stock Position in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

PNC Financial Services Group Inc. decreased its holdings in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 243,141 shares of the bank’s stock after selling 2,822 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Banco Bilbao Vizcaya Argentaria were worth $2,636,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BBVA. Rothschild Investment LLC purchased a new stake in Banco Bilbao Vizcaya Argentaria during the 2nd quarter worth about $40,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria during the second quarter worth approximately $43,000. Benjamin F. Edwards & Company Inc. raised its holdings in Banco Bilbao Vizcaya Argentaria by 67.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,924 shares of the bank’s stock valued at $49,000 after acquiring an additional 1,990 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Banco Bilbao Vizcaya Argentaria by 48.2% during the 1st quarter. Russell Investments Group Ltd. now owns 5,788 shares of the bank’s stock worth $69,000 after acquiring an additional 1,882 shares in the last quarter. Finally, Reston Wealth Management LLC purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria in the 3rd quarter valued at approximately $72,000. Institutional investors and hedge funds own 2.96% of the company’s stock.

Banco Bilbao Vizcaya Argentaria Stock Performance

BBVA opened at $9.67 on Tuesday. The stock has a market capitalization of $56.45 billion, a P/E ratio of 5.56, a price-to-earnings-growth ratio of 0.94 and a beta of 1.31. Banco Bilbao Vizcaya Argentaria, S.A. has a one year low of $8.63 and a one year high of $12.20. The business’s 50-day simple moving average is $10.14 and its 200-day simple moving average is $10.28.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, October 25th. Shareholders of record on Wednesday, October 9th were paid a $0.3244 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a yield of 5.6%. This is a boost from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. Banco Bilbao Vizcaya Argentaria’s payout ratio is currently 29.31%.

Analyst Ratings Changes

BBVA has been the topic of several recent analyst reports. Royal Bank of Canada upgraded Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research note on Wednesday, July 31st. StockNews.com upgraded Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, Citigroup upgraded shares of Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Banco Bilbao Vizcaya Argentaria presently has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria 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.