Penserra Capital Management LLC Acquires New Position in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Posted by on Feb 28th, 2023

Penserra Capital Management LLC purchased a new stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA – Get Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 8,679 shares of the bank’s stock, valued at approximately $38,000.

Several other large investors have also modified their holdings of the business. SG Americas Securities LLC raised its holdings in shares of Banco Bilbao Vizcaya Argentaria by 2.9% in the 3rd quarter. SG Americas Securities LLC now owns 71,451 shares of the bank’s stock valued at $318,000 after purchasing an additional 2,000 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Banco Bilbao Vizcaya Argentaria by 6.9% in the 2nd quarter. LPL Financial LLC now owns 31,622 shares of the bank’s stock valued at $143,000 after purchasing an additional 2,036 shares in the last quarter. Bailard Inc. raised its holdings in shares of Banco Bilbao Vizcaya Argentaria by 6.5% in the 3rd quarter. Bailard Inc. now owns 33,994 shares of the bank’s stock valued at $151,000 after purchasing an additional 2,073 shares in the last quarter. Evergreen Capital Management LLC grew its position in shares of Banco Bilbao Vizcaya Argentaria by 10.0% in the 1st quarter. Evergreen Capital Management LLC now owns 23,827 shares of the bank’s stock worth $136,000 after buying an additional 2,163 shares during the last quarter. Finally, M&T Bank Corp grew its position in shares of Banco Bilbao Vizcaya Argentaria by 16.7% in the 2nd quarter. M&T Bank Corp now owns 16,868 shares of the bank’s stock worth $77,000 after buying an additional 2,411 shares during the last quarter. Institutional investors own 2.51% of the company’s stock.

Analyst Upgrades and Downgrades

BBVA has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Banco Bilbao Vizcaya Argentaria from €6.70 ($7.13) to €7.00 ($7.45) in a research report on Tuesday, November 1st. JPMorgan Chase & Co. lifted their price objective on shares of Banco Bilbao Vizcaya Argentaria from €6.70 ($7.13) to €6.90 ($7.34) in a research report on Monday, November 7th. Berenberg Bank lifted their price objective on shares of Banco Bilbao Vizcaya Argentaria from €5.30 ($5.64) to €5.80 ($6.17) in a research report on Tuesday, November 1st. AlphaValue raised shares of Banco Bilbao Vizcaya Argentaria to a “buy” rating in a research report on Thursday, December 8th. Finally, StockNews.com raised shares of Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “strong-buy” rating in a research report on Friday. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Banco Bilbao Vizcaya Argentaria has an average rating of “Moderate Buy” and a consensus target price of $6.36.

Banco Bilbao Vizcaya Argentaria Stock Up 2.4 %

BBVA stock opened at $7.60 on Tuesday. The firm’s fifty day simple moving average is $6.86 and its 200-day simple moving average is $5.69. The company has a market capitalization of $48.54 billion, a P/E ratio of 7.10 and a beta of 1.31. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.11 and a quick ratio of 1.10. Banco Bilbao Vizcaya Argentaria, S.A. has a 12 month low of $3.93 and a 12 month high of $7.62.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 20th. Stockholders of record on Tuesday, April 4th will be issued a $0.3333 dividend. This is an increase from Banco Bilbao Vizcaya Argentaria’s previous semi-annual dividend of $0.12. This represents a dividend yield of 4%. The ex-dividend date of this dividend is Monday, April 3rd. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is 17.76%.

Banco Bilbao Vizcaya Argentaria Company Profile

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Banco Bilbao Vizcaya Argentaria SA engages in the traditional banking businesses of retail banking, asset management, private banking, and wholesale banking. It operates through the following segments: Spain, the United States, Mexico, Turkey, South America, and Rest of Eurasia. The Spain segment includes mainly the banking and insurance business that the group carries out in Spain.

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Institutional Ownership by Quarter for Banco Bilbao Vizcaya Argentaria (NYSE:BBVA)

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