Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Shares Gap Down – Here’s What Happened

Shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) gapped down prior to trading on Thursday . The stock had previously closed at $23.39, but opened at $22.43. Banco Bilbao Viscaya Argentaria shares last traded at $22.4050, with a volume of 281,173 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BBVA shares. Weiss Ratings cut shares of Banco Bilbao Viscaya Argentaria from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, April 2nd. Zacks Research cut shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Wall Street Zen upgraded shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Finally, Royal Bank Of Canada downgraded shares of Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 28th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria Price Performance

The business’s 50 day moving average is $22.56 and its 200-day moving average is $21.89. The company has a market cap of $130.34 billion, a PE ratio of 11.48, a P/E/G ratio of 0.58 and a beta of 0.86.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings results on Thursday, February 5th. The bank reported $0.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.50. Banco Bilbao Viscaya Argentaria had a net margin of 28.43% and a return on equity of 17.29%. The company had revenue of $11.49 billion during the quarter, compared to the consensus estimate of $10.74 billion. As a group, sell-side analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, April 27th. Stockholders of record on Thursday, April 9th will be given a dividend of $0.7084 per share. This represents a dividend yield of 634.0%. The ex-dividend date is Thursday, April 9th. Banco Bilbao Viscaya Argentaria’s payout ratio is currently 30.46%.

Institutional Trading of Banco Bilbao Viscaya Argentaria

Institutional investors have recently modified their holdings of the stock. Dynasty Wealth Management LLC acquired a new position in Banco Bilbao Viscaya Argentaria in the 3rd quarter valued at $876,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Banco Bilbao Viscaya Argentaria during the 3rd quarter worth $2,478,000. JPMorgan Chase & Co. grew its stake in shares of Banco Bilbao Viscaya Argentaria by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,846,150 shares of the bank’s stock worth $93,288,000 after purchasing an additional 297,752 shares during the period. Osaic Holdings Inc. grew its stake in shares of Banco Bilbao Viscaya Argentaria by 612.4% during the 2nd quarter. Osaic Holdings Inc. now owns 515,444 shares of the bank’s stock worth $7,922,000 after purchasing an additional 443,092 shares during the period. Finally, Archford Capital Strategies LLC acquired a new position in shares of Banco Bilbao Viscaya Argentaria during the 4th quarter worth $3,286,000. Hedge funds and other institutional investors own 2.96% of the company’s stock.

About Banco Bilbao Viscaya Argentaria

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.