Todd Asset Management LLC Cuts Stock Position in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Todd Asset Management LLC lowered its stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 2.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 370,100 shares of the bank’s stock after selling 10,100 shares during the quarter. Todd Asset Management LLC’s holdings in Banco Bilbao Vizcaya Argentaria were worth $3,372,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. QRG Capital Management Inc. purchased a new stake in Banco Bilbao Vizcaya Argentaria in the 3rd quarter valued at about $7,802,000. UBS Group AG lifted its stake in Banco Bilbao Vizcaya Argentaria by 56.9% during the 3rd quarter. UBS Group AG now owns 998,161 shares of the bank’s stock worth $8,035,000 after acquiring an additional 362,073 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Banco Bilbao Vizcaya Argentaria by 9.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,710,950 shares of the bank’s stock valued at $29,873,000 after acquiring an additional 309,327 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of Banco Bilbao Vizcaya Argentaria by 25.8% in the third quarter. O Shaughnessy Asset Management LLC now owns 1,293,271 shares of the bank’s stock valued at $10,411,000 after purchasing an additional 265,431 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Banco Bilbao Vizcaya Argentaria by 10.0% during the 3rd quarter. American Century Companies Inc. now owns 1,497,485 shares of the bank’s stock worth $12,055,000 after buying an additional 136,314 shares in the last quarter. Hedge funds and other institutional investors own 2.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barclays downgraded shares of Banco Bilbao Vizcaya Argentaria from an “overweight” rating to an “equal weight” rating in a research note on Monday, March 25th.

Banco Bilbao Vizcaya Argentaria Price Performance

Shares of BBVA traded up $0.17 during midday trading on Friday, reaching $10.59. The stock had a trading volume of 3,617,295 shares, compared to its average volume of 2,346,371. The company has a market cap of $63.17 billion, a price-to-earnings ratio of 7.20, a PEG ratio of 0.55 and a beta of 1.33. The company’s fifty day simple moving average is $11.09 and its two-hundred day simple moving average is $9.72. Banco Bilbao Vizcaya Argentaria, S.A. has a 1-year low of $6.47 and a 1-year high of $12.20.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last posted its quarterly earnings results on Monday, January 29th. The bank reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. The company had revenue of $8.01 billion for the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 15.34% and a net margin of 26.90%. On average, sell-side analysts forecast that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.54 earnings per share for the current year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, April 25th. Stockholders of record on Tuesday, April 9th were given a dividend of $0.1695 per share. This represents a dividend yield of 4.3%. The ex-dividend date was Monday, April 8th. This is a positive change from Banco Bilbao Vizcaya Argentaria’s previous semi-annual dividend of $0.17. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio (DPR) is 45.58%.

Banco Bilbao Vizcaya Argentaria 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.