American Century Companies Inc. Increases Stock Holdings in Banco Bilbao Viscaya Argentaria S.A. $BBVA

American Century Companies Inc. raised its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 11.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,632,191 shares of the bank’s stock after purchasing an additional 267,740 shares during the period. American Century Companies Inc.’s holdings in Banco Bilbao Viscaya Argentaria were worth $40,457,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. AlphaCore Capital LLC purchased a new stake in shares of Banco Bilbao Viscaya Argentaria during the second quarter valued at approximately $74,000. Journey Strategic Wealth LLC bought a new position in shares of Banco Bilbao Viscaya Argentaria in the second quarter worth about $164,000. Franklin Resources Inc. lifted its position in shares of Banco Bilbao Viscaya Argentaria by 2.8% during the 2nd quarter. Franklin Resources Inc. now owns 133,578 shares of the bank’s stock valued at $2,053,000 after buying an additional 3,593 shares in the last quarter. MAI Capital Management increased its holdings in Banco Bilbao Viscaya Argentaria by 106.2% in the 2nd quarter. MAI Capital Management now owns 8,889 shares of the bank’s stock worth $137,000 after acquiring an additional 4,579 shares in the last quarter. Finally, Seeds Investor LLC raised its stake in Banco Bilbao Viscaya Argentaria by 4.1% during the 2nd quarter. Seeds Investor LLC now owns 14,956 shares of the bank’s stock worth $230,000 after acquiring an additional 584 shares during the period. 2.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BBVA has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “buy (a-)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Tuesday. Wall Street Zen lowered Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Friday. Morgan Stanley began coverage on Banco Bilbao Viscaya Argentaria in a research report on Tuesday, October 21st. They issued an “equal weight” rating on the stock. Zacks Research cut Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Barclays raised Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Banco Bilbao Viscaya Argentaria has an average rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of NYSE:BBVA opened at $21.58 on Friday. The firm has a fifty day simple moving average of $19.89 and a two-hundred day simple moving average of $17.66. Banco Bilbao Viscaya Argentaria S.A. has a 52 week low of $9.28 and a 52 week high of $22.09. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $125.98 billion, a P/E ratio of 11.36, a PEG ratio of 1.07 and a beta of 1.21.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its quarterly earnings results on Thursday, October 30th. The bank reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. The firm had revenue of $10.59 billion during the quarter, compared to the consensus estimate of $10.47 billion. On average, analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current fiscal year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 6th were given a dividend of $0.3736 per share. This represents a dividend yield of 361.0%. The ex-dividend date was Thursday, November 6th. Banco Bilbao Viscaya Argentaria’s payout ratio is 30.89%.

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.