Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Shares Gap Up – Should You Buy?

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) shares gapped up prior to trading on Monday . The stock had previously closed at $10.09, but opened at $10.45. Banco Bilbao Vizcaya Argentaria shares last traded at $10.43, with a volume of 296,936 shares.

Analysts Set New Price Targets

Several brokerages recently issued reports on BBVA. Royal Bank of Canada upgraded Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research note on Wednesday, July 31st. Citigroup upgraded shares of Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research note on Friday, August 9th. Finally, StockNews.com lowered Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Banco Bilbao Vizcaya Argentaria Stock Performance

The stock’s fifty day moving average is $10.28 and its two-hundred day moving average is $10.41. The firm has a market cap of $61.09 billion, a price-to-earnings ratio of 6.01, a PEG ratio of 1.00 and a beta of 1.31.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Friday, October 25th. Investors of record on Wednesday, October 9th were given a $0.3244 dividend. This is a boost from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. This represents a yield of 5.6%. The ex-dividend date of this dividend was Wednesday, October 9th. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio (DPR) is currently 29.31%.

Hedge Funds Weigh In On Banco Bilbao Vizcaya Argentaria

Large investors have recently bought and sold shares of the stock. Rothschild Investment LLC bought a new position in shares of Banco Bilbao Vizcaya Argentaria in the second quarter valued at $40,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Banco Bilbao Vizcaya Argentaria during the 2nd quarter valued at $43,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 67.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,924 shares of the bank’s stock worth $49,000 after purchasing an additional 1,990 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 567.5% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 4,646 shares of the bank’s stock valued at $55,000 after buying an additional 3,950 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Banco Bilbao Vizcaya Argentaria by 48.2% in the 1st quarter. Russell Investments Group Ltd. now owns 5,788 shares of the bank’s stock valued at $69,000 after buying an additional 1,882 shares in the last quarter. Institutional investors and hedge funds own 2.96% of the company’s stock.

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.