Hennion & Walsh Asset Management Inc. Has $1.43 Million Stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Hennion & Walsh Asset Management Inc. raised its position in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 32.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 132,025 shares of the bank’s stock after acquiring an additional 32,208 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Banco Bilbao Vizcaya Argentaria were worth $1,431,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BBVA. Dimensional Fund Advisors LP grew its position in Banco Bilbao Vizcaya Argentaria by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 11,103,927 shares of the bank’s stock valued at $111,371,000 after purchasing an additional 619,836 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Banco Bilbao Vizcaya Argentaria by 9.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,412,058 shares of the bank’s stock valued at $44,253,000 after acquiring an additional 396,829 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of Banco Bilbao Vizcaya Argentaria by 172.8% in the second quarter. Clearbridge Investments LLC now owns 3,096,738 shares of the bank’s stock worth $31,060,000 after acquiring an additional 1,961,553 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Banco Bilbao Vizcaya Argentaria by 24.2% during the second quarter. American Century Companies Inc. now owns 1,890,079 shares of the bank’s stock worth $18,957,000 after acquiring an additional 368,660 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in Banco Bilbao Vizcaya Argentaria by 1.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,363,752 shares of the bank’s stock valued at $16,147,000 after purchasing an additional 20,719 shares during the last quarter. Hedge funds and other institutional investors own 2.96% of the company’s stock.

Banco Bilbao Vizcaya Argentaria Trading Down 1.2 %

Shares of NYSE:BBVA opened at $9.70 on Friday. The stock has a market capitalization of $56.63 billion, a PE ratio of 6.60, a P/E/G ratio of 1.10 and a beta of 1.30. Banco Bilbao Vizcaya Argentaria, S.A. has a 1 year low of $7.76 and a 1 year high of $12.20. The firm has a fifty day moving average price of $10.34 and a 200 day moving average price of $10.45.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its quarterly earnings results on Thursday, August 1st. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $9.93 billion during the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 16.40% and a net margin of 27.55%. During the same quarter last year, the company posted $0.36 EPS. On average, sell-side analysts forecast that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.75 earnings per share for the current fiscal year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Friday, October 25th. Shareholders of record on Wednesday, October 9th were issued a dividend of $0.3244 per share. This represents a yield of 5.6%. The ex-dividend date was Wednesday, October 9th. This is an increase from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio (DPR) is 34.69%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citigroup raised Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research note on Friday, August 9th. Royal Bank of Canada raised shares of Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Company Profile

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.