Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) Shares Sold by Pitcairn Co.

Pitcairn Co. cut its stake in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 5.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 133,093 shares of the bank’s stock after selling 7,248 shares during the period. Pitcairn Co.’s holdings in Banco Bilbao Vizcaya Argentaria were worth $1,443,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Banco Bilbao Vizcaya Argentaria by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,103,927 shares of the bank’s stock valued at $111,371,000 after buying an additional 619,836 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Banco Bilbao Vizcaya Argentaria by 9.9% in the second quarter. Envestnet Asset Management Inc. now owns 4,412,058 shares of the bank’s stock valued at $44,253,000 after purchasing an additional 396,829 shares during the last quarter. Clearbridge Investments LLC grew its stake in Banco Bilbao Vizcaya Argentaria by 172.8% during the 2nd quarter. Clearbridge Investments LLC now owns 3,096,738 shares of the bank’s stock valued at $31,060,000 after purchasing an additional 1,961,553 shares in the last quarter. American Century Companies Inc. increased its holdings in Banco Bilbao Vizcaya Argentaria by 24.2% during the 2nd quarter. American Century Companies Inc. now owns 1,890,079 shares of the bank’s stock worth $18,957,000 after purchasing an additional 368,660 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in shares of Banco Bilbao Vizcaya Argentaria by 5.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,270,460 shares of the bank’s stock valued at $13,772,000 after purchasing an additional 70,192 shares in the last quarter. Hedge funds and other institutional investors own 2.96% of the company’s stock.

Analyst Ratings Changes

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

Banco Bilbao Vizcaya Argentaria Stock Performance

Banco Bilbao Vizcaya Argentaria stock opened at $9.54 on Friday. Banco Bilbao Vizcaya Argentaria, S.A. has a 1 year low of $8.63 and a 1 year high of $12.20. The firm’s 50-day moving average is $10.15 and its 200-day moving average is $10.29. The company has a market cap of $55.69 billion, a P/E ratio of 5.48, a PEG ratio of 0.96 and a beta of 1.31.

Banco Bilbao Vizcaya Argentaria Increases Dividend

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

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.