Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Upgraded to “Buy” by HSBC

HSBC upgraded shares of Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) from a hold rating to a buy rating in a research note released on Friday, April 13th. They currently have $7.79 price target on the bank’s stock, up from their prior price target of $7.22.

Several other equities research analysts also recently commented on BBVA. Zacks Investment Research raised shares of Banco Bilbao Vizcaya Argentaria from a hold rating to a buy rating and set a $8.75 price objective on the stock in a report on Tuesday, April 10th. ValuEngine raised shares of Banco Bilbao Vizcaya Argentaria from a hold rating to a buy rating in a report on Saturday, April 7th. Finally, Santander downgraded shares of Banco Bilbao Vizcaya Argentaria from a buy rating to a hold rating in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Banco Bilbao Vizcaya Argentaria currently has an average rating of Hold and an average target price of $8.27.

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Shares of NYSE:BBVA opened at $8.08 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $53,058.25, a P/E ratio of 10.77, a P/E/G ratio of 1.04 and a beta of 1.16. Banco Bilbao Vizcaya Argentaria has a fifty-two week low of $7.56 and a fifty-two week high of $9.54.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last issued its quarterly earnings results on Thursday, February 1st. The bank reported $0.20 earnings per share for the quarter. The company had revenue of $7.49 billion for the quarter. Banco Bilbao Vizcaya Argentaria had a net margin of 13.74% and a return on equity of 8.63%. analysts expect that Banco Bilbao Vizcaya Argentaria will post 0.85 EPS for the current year.

The firm also recently disclosed a special dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Monday, April 9th will be issued a dividend of $0.1866 per share. The ex-dividend date of this dividend is Friday, April 6th. This is an increase from Banco Bilbao Vizcaya Argentaria’s previous special dividend of $0.11. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is 41.10%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fisher Asset Management LLC lifted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 4.3% in the fourth quarter. Fisher Asset Management LLC now owns 40,272,168 shares of the bank’s stock worth $342,313,000 after buying an additional 1,674,179 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria in the fourth quarter worth about $11,653,000. Allen Capital Group LLC purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria in the fourth quarter worth about $7,934,000. Jefferies Group LLC lifted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 1,448.8% in the fourth quarter. Jefferies Group LLC now owns 929,903 shares of the bank’s stock worth $7,904,000 after buying an additional 869,864 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 13.3% in the third quarter. Parametric Portfolio Associates LLC now owns 4,406,209 shares of the bank’s stock worth $39,303,000 after buying an additional 518,676 shares in the last quarter. 3.40% of the stock is currently owned by institutional investors and hedge funds.

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Banco Bilbao Vizcaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria, SA, together with its subsidiaries, provides retail and wholesale banking, asset management, and private banking services. The company accepts various deposits, such as current and savings accounts, fixed-term deposits, subordinated deposits, and other accounts. It also offers loan products; and foreclosed real-estate assets from residential mortgages and developers, as well as lending to developers.

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