PNC Financial Services Group Inc. Decreases Stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

PNC Financial Services Group Inc. decreased its holdings in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,141 shares of the bank’s stock after selling 2,822 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Banco Bilbao Vizcaya Argentaria were worth $2,636,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Clearbridge Investments LLC lifted its stake in Banco Bilbao Vizcaya Argentaria by 172.8% in the 2nd quarter. Clearbridge Investments LLC now owns 3,096,738 shares of the bank’s stock worth $31,060,000 after purchasing an additional 1,961,553 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 5.9% in 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 during the last quarter. Envestnet Asset Management Inc. lifted its position in Banco Bilbao Vizcaya Argentaria by 9.9% during the second quarter. Envestnet Asset Management Inc. now owns 4,412,058 shares of the bank’s stock worth $44,253,000 after buying an additional 396,829 shares in the last quarter. Raymond James & Associates boosted its stake in Banco Bilbao Vizcaya Argentaria by 91.0% during the third quarter. Raymond James & Associates now owns 776,389 shares of the bank’s stock worth $8,416,000 after buying an additional 369,971 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Banco Bilbao Vizcaya Argentaria by 24.2% in the 2nd quarter. American Century Companies Inc. now owns 1,890,079 shares of the bank’s stock valued at $18,957,000 after buying an additional 368,660 shares in the last quarter. 2.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BBVA. Royal Bank of Canada raised shares of Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research note on Wednesday, July 31st. StockNews.com upgraded Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, Citigroup raised Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Banco Bilbao Vizcaya Argentaria has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Price Performance

Shares of BBVA opened at $9.67 on Tuesday. The firm has a 50-day simple moving average of $10.14 and a two-hundred day simple moving average of $10.28. Banco Bilbao Vizcaya Argentaria, S.A. has a 1-year low of $8.63 and a 1-year high of $12.20. The stock has a market cap of $56.45 billion, a PE ratio of 5.56, a P/E/G ratio of 0.94 and a beta of 1.31.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Friday, October 25th. Shareholders of record on Wednesday, October 9th were given a $0.3244 dividend. This is a positive change from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. The ex-dividend date was Wednesday, October 9th. This represents a yield of 5.6%. Banco Bilbao Vizcaya Argentaria’s payout ratio is presently 29.31%.

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.