Banco Bilbao Viscaya Argentaria S.A. $BBVA Shares Bought by Legacy Wealth Asset Management LLC

by · The Markets Daily

Legacy Wealth Asset Management LLC raised its holdings in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA – Free Report) by 112.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,069 shares of the bank’s stock after purchasing an additional 37,567 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Banco Bilbao Viscaya Argentaria were worth $1,981,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. CoreCap Advisors LLC raised its position in shares of Banco Bilbao Viscaya Argentaria by 192.9% during the 3rd quarter. CoreCap Advisors LLC now owns 911 shares of the bank’s stock worth $25,000 after purchasing an additional 600 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in Banco Bilbao Viscaya Argentaria during the 1st quarter valued at $27,000. Retirement Wealth Solutions LLC grew its holdings in Banco Bilbao Viscaya 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 buying an additional 393 shares during the last quarter. Western Wealth Management LLC purchased a new position in Banco Bilbao Viscaya Argentaria during the first quarter worth $33,000. Finally, FNY Investment Advisers LLC purchased a new position in Banco Bilbao Viscaya Argentaria during the second quarter worth $37,000. 2.96% of the stock is owned by hedge funds and other institutional investors.

Banco Bilbao Viscaya Argentaria Trading Down 0.4%

Shares of Banco Bilbao Viscaya Argentaria stock opened at $26.16 on Friday. Banco Bilbao Viscaya Argentaria S.A. has a fifty-two week low of $17.90 and a fifty-two week high of $29.64. The firm has a market cap of $145.97 billion, a PE ratio of 11.89, a P/E/G ratio of 0.69 and a beta of 0.82. The business’s fifty day moving average is $28.48 and its two-hundred day moving average is $25.20. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.77.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA – Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The bank reported $0.62 earnings per share (EPS) for the quarter. The business had revenue of $11.99 billion for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 18.05% and a net margin of 27.75%. Analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 2.42 earnings per share for the current year.

Banco Bilbao Viscaya Argentaria Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be paid a $0.4168 dividend. This represents a yield of 309.0%. The ex-dividend date of this dividend is Wednesday, October 14th. Banco Bilbao Viscaya Argentaria’s dividend payout ratio (DPR) is presently 30.45%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BBVA. Zacks Research upgraded Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a research report on Monday. Wall Street Zen upgraded Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Bank of America downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 15th. Weiss Ratings restated a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Friday, July 31st. Finally, Keefe, Bruyette & Woods cut shares of Banco Bilbao Viscaya Argentaria from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Banco Bilbao Viscaya Argentaria presently has a consensus rating of “Hold”.

Get Our Latest Analysis on BBVA

About Banco Bilbao Viscaya Argentaria

(Free Report)

Banco Bilbao Vizcaya Argentaria, SA (NYSE: BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank provides retail and commercial banking, corporate and investment banking, wealth management, asset management, payments and insurance services to individuals, businesses, institutions and public-sector clients.

BBVA traces its origins to Banco de Bilbao, founded in 1857. The modern group was formed through the merger of Banco Bilbao Vizcaya and Argentaria in 1999.

Further Reading

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