Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) from a buy rating to a hold rating in a research report sent to investors on Sunday,Wall Street Zen reports.

Several other research analysts also recently commented on BBVA. Bank of America downgraded Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “neutral” rating in a report on Wednesday, July 15th. UBS Group restated a “neutral” rating on shares of Banco Bilbao Vizcaya Argentaria in a report on Thursday, August 20th. The Goldman Sachs Group restated a “buy” rating on shares of Banco Bilbao Vizcaya Argentaria in a research report on Wednesday, August 5th. Zacks Research lowered Banco Bilbao Vizcaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 26th. Finally, Barclays reaffirmed a “neutral” rating on shares of Banco Bilbao Vizcaya Argentaria in a research note on Tuesday, July 14th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Banco Bilbao Vizcaya Argentaria Stock Up 0.1%

Banco Bilbao Vizcaya Argentaria stock opened at $26.48 on Friday. The company has a market capitalization of $147.77 billion, a PE ratio of 11.30, a P/E/G ratio of 0.70 and a beta of 0.85. The firm has a fifty day simple moving average of $26.96 and a two-hundred day simple moving average of $24.82. Banco Bilbao Vizcaya Argentaria has a twelve month low of $20.21 and a twelve month high of $29.64.

Banco Bilbao Vizcaya Argentaria Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th were issued a $0.4168 dividend. This represents a yield of 324.0%. The ex-dividend date of this dividend was Wednesday, October 14th. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio (DPR) is 29.00%.

Hedge Funds Weigh In On Banco Bilbao Vizcaya Argentaria

A number of hedge funds have recently modified their holdings of BBVA. CoreCap Advisors LLC boosted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 192.9% during the third quarter. CoreCap Advisors LLC now owns 911 shares of the bank’s stock worth $25,000 after purchasing an additional 600 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of Banco Bilbao Vizcaya Argentaria in the first quarter worth about $27,000. Retirement Wealth Solutions LLC increased its holdings in Banco Bilbao Vizcaya Argentaria by 53.5% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 1,127 shares of the bank’s stock valued at $31,000 after purchasing an additional 393 shares during the period. West Financial Advisors LLC purchased a new position in Banco Bilbao Vizcaya Argentaria during the 3rd quarter valued at about $32,000. Finally, Western Wealth Management LLC bought a new position in Banco Bilbao Vizcaya Argentaria during the 1st quarter valued at approximately $33,000. Hedge funds and other institutional investors own 2.96% of the company’s stock.

About Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE: BBVA) is a global financial services group headquartered in Bilbao, Spain. The bank traces its origins to Banco de Bilbao, founded in 1857, and adopted the BBVA name in 1999 following the merger of Banco Bilbao Vizcaya and Argentaria. BBVA provides retail and commercial banking services, including checking and savings accounts, consumer and mortgage lending, credit cards, payments, and digital banking. It also serves businesses and institutions through corporate and investment banking, transaction banking, capital markets, and advisory services.