Grantham Mayo Van Otterloo & Co. LLC Buys Shares of 57,956 Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Grantham Mayo Van Otterloo & Co. LLC purchased a new position in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 57,956 shares of the bank’s stock, valued at approximately $563,000.

A number of other hedge funds also recently modified their holdings of the business. Brooklyn Investment Group increased its stake in Banco Bilbao Vizcaya Argentaria by 120.7% during the 4th quarter. Brooklyn Investment Group now owns 3,540 shares of the bank’s stock worth $34,000 after purchasing an additional 1,936 shares in the last quarter. Huntington National Bank boosted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 96.7% in the fourth quarter. Huntington National Bank now owns 3,616 shares of the bank’s stock valued at $35,000 after buying an additional 1,778 shares during the period. Barclays PLC acquired a new position in shares of Banco Bilbao Vizcaya Argentaria in the third quarter valued at approximately $41,000. Avion Wealth acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria during the fourth quarter worth $39,000. Finally, Sierra Ocean LLC bought a new stake in Banco Bilbao Vizcaya Argentaria in the 4th quarter valued at $49,000. Institutional investors and hedge funds own 2.96% of the company’s stock.

Banco Bilbao Vizcaya Argentaria Stock Performance

Shares of NYSE BBVA opened at $11.85 on Wednesday. The stock has a market capitalization of $69.20 billion, a PE ratio of 6.55, a price-to-earnings-growth ratio of 0.80 and a beta of 1.00. Banco Bilbao Vizcaya Argentaria, S.A. has a 52 week low of $9.23 and a 52 week high of $14.84. The stock has a 50 day moving average price of $13.13 and a 200 day moving average price of $11.16. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.27 and a current ratio of 1.01.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its earnings results on Tuesday, February 4th. The bank reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. Banco Bilbao Vizcaya Argentaria had a net margin of 28.10% and a return on equity of 17.49%. Analysts predict that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 earnings per share for the current fiscal year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th will be issued a $0.4439 dividend. This represents a dividend yield of 4.3%. This is a boost from Banco Bilbao Vizcaya Argentaria’s previous semi-annual dividend of $0.11. The ex-dividend date is Wednesday, April 9th. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is presently 39.23%.

Analysts Set New Price Targets

Several analysts have issued reports on BBVA shares. Kepler Capital Markets raised Banco Bilbao Vizcaya Argentaria from a “reduce” rating to a “hold” rating in a research note on Thursday, February 27th. Hsbc Global Res raised shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Finally, StockNews.com lowered shares of Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a research report on Friday, March 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

About Banco Bilbao Vizcaya 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.