Oppenheimer Asset Management Inc. Raises Holdings in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Oppenheimer Asset Management Inc. raised its position in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 10.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 484,361 shares of the bank’s stock after acquiring an additional 44,157 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Banco Bilbao Vizcaya Argentaria were worth $5,250,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in Banco Bilbao Vizcaya Argentaria during the 1st quarter worth approximately $133,000. Sei Investments Co. raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 6.6% in the 1st quarter. Sei Investments Co. now owns 326,656 shares of the bank’s stock valued at $3,868,000 after acquiring an additional 20,143 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 48.2% during the 1st quarter. Russell Investments Group Ltd. now owns 5,788 shares of the bank’s stock valued at $69,000 after acquiring an additional 1,882 shares in the last quarter. Orion Portfolio Solutions LLC boosted its position in Banco Bilbao Vizcaya Argentaria by 1.5% during the 1st quarter. Orion Portfolio Solutions LLC now owns 82,947 shares of the bank’s stock worth $982,000 after purchasing an additional 1,217 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in Banco Bilbao Vizcaya Argentaria in the 1st quarter valued at $464,000. 2.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BBVA has been the subject of several analyst reports. Royal Bank of Canada raised Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research report on Wednesday, July 31st. Citigroup raised shares of Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research report on Friday, August 9th. Finally, StockNews.com raised shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Performance

NYSE:BBVA opened at $9.54 on Friday. Banco Bilbao Vizcaya Argentaria, S.A. has a one year low of $8.63 and a one year high of $12.20. The business’s 50-day simple moving average is $10.19 and its 200 day simple moving average is $10.34. The stock has a market cap of $55.69 billion, a price-to-earnings ratio of 5.37, a price-to-earnings-growth ratio of 0.93 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. Stockholders of record on Wednesday, October 9th were paid a dividend of $0.3244 per share. This is a boost from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. This represents a dividend yield of 5.6%. The ex-dividend date of this dividend was Wednesday, October 9th. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is 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.