Empirical Financial Services LLC d.b.a. Empirical Wealth Management Buys Shares of 26,415 Banco Bilbao Viscaya Argentaria S.A. $BBVA

Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) during the 4th quarter, HoldingsChannel reports. The firm bought 26,415 shares of the bank’s stock, valued at approximately $616,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Navigoe LLC bought a new stake in shares of Banco Bilbao Viscaya Argentaria in the 3rd quarter valued at $26,000. Twin Peaks Wealth Advisors LLC bought a new position in Banco Bilbao Viscaya Argentaria during the second quarter worth about $30,000. Cornerstone Planning Group LLC lifted its holdings in Banco Bilbao Viscaya Argentaria by 183.2% during the third quarter. Cornerstone Planning Group LLC now owns 1,597 shares of the bank’s stock worth $32,000 after acquiring an additional 1,033 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Banco Bilbao Viscaya Argentaria by 45.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,456 shares of the bank’s stock valued at $34,000 after acquiring an additional 456 shares during the period. Finally, Salomon & Ludwin LLC increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 2,989.5% in the third quarter. Salomon & Ludwin LLC now owns 2,348 shares of the bank’s stock worth $45,000 after acquiring an additional 2,272 shares in the last quarter. Institutional investors and hedge funds own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Trading Down 0.2%

Shares of NYSE BBVA opened at $21.87 on Friday. The company has a fifty day moving average price of $22.74 and a 200 day moving average price of $21.82. The firm has a market cap of $126.03 billion, a PE ratio of 11.10, a PEG ratio of 0.58 and a beta of 0.86. Banco Bilbao Viscaya Argentaria S.A. has a 1-year low of $11.59 and a 1-year high of $26.20.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its quarterly earnings results on Thursday, February 5th. The bank reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. The firm had revenue of $11.49 billion for the quarter, compared to the consensus estimate of $10.74 billion. Banco Bilbao Viscaya Argentaria had a return on equity of 17.29% and a net margin of 28.43%. Equities research analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current year.

Banco Bilbao Viscaya Argentaria Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, April 27th. Investors of record on Thursday, April 9th will be given a $0.7084 dividend. This represents a yield of 678.0%. The ex-dividend date of this dividend is Thursday, April 9th. Banco Bilbao Viscaya Argentaria’s dividend payout ratio (DPR) is currently 57.87%.

Analysts Set New Price Targets

A number of research firms have recently commented on BBVA. Royal Bank Of Canada lowered Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 28th. Wall Street Zen upgraded Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Zacks Research cut Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Finally, Weiss Ratings downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Banco Bilbao Viscaya Argentaria has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria Profile

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank traces its roots to several historic regional banks and was formed through a series of mergers that consolidated its position as one of Spain’s largest banking groups. BBVA operates as a universal bank offering a broad range of financial services to retail, corporate and institutional clients.

BBVA’s core businesses include retail and commercial banking, corporate and investment banking, private banking and wealth management, asset management, and insurance.