Advisors Asset Management Inc. Lowers Position in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Advisors Asset Management Inc. decreased its stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 40.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,657 shares of the bank’s stock after selling 17,571 shares during the quarter. Advisors Asset Management Inc.’s holdings in Banco Bilbao Vizcaya Argentaria were worth $278,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Deltec Asset Management LLC bought a new stake in Banco Bilbao Vizcaya Argentaria during the 2nd quarter worth approximately $928,000. Mediolanum International Funds Ltd purchased a new stake in Banco Bilbao Vizcaya Argentaria in the 3rd quarter worth $2,297,000. Sequoia Financial Advisors LLC raised its holdings in Banco Bilbao Vizcaya Argentaria by 5.8% during the second quarter. Sequoia Financial Advisors LLC now owns 88,022 shares of the bank’s stock valued at $883,000 after acquiring an additional 4,850 shares during the period. Envestnet Asset Management Inc. raised its stake in Banco Bilbao Vizcaya Argentaria by 9.9% during the 2nd 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 period. Finally, Sanctuary Advisors LLC bought a new position in Banco Bilbao Vizcaya Argentaria in the 2nd quarter worth approximately $577,000. 2.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Banco Bilbao Vizcaya Argentaria Stock Performance

NYSE BBVA opened at $9.25 on Friday. The stock has a 50 day moving average price of $10.05 and a 200-day moving average price of $10.26. Banco Bilbao Vizcaya Argentaria, S.A. has a one year low of $8.63 and a one year high of $12.20. The company has a market capitalization of $54.00 billion, a P/E ratio of 5.32, a P/E/G ratio of 0.95 and a beta of 1.31.

Banco Bilbao Vizcaya Argentaria Increases Dividend

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

Banco Bilbao Vizcaya 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.