Marks Group Wealth Management Inc Boosts Stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Marks Group Wealth Management Inc boosted its stake in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 31.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 108,813 shares of the bank’s stock after buying an additional 25,975 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Banco Bilbao Vizcaya Argentaria were worth $1,180,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in shares of Banco Bilbao Vizcaya Argentaria by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 11,103,927 shares of the bank’s stock worth $111,371,000 after purchasing an additional 619,836 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Banco Bilbao Vizcaya Argentaria by 9.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,412,058 shares of the bank’s stock worth $44,253,000 after buying an additional 396,829 shares in the last quarter. Clearbridge Investments LLC raised its holdings in Banco Bilbao Vizcaya Argentaria by 172.8% during the second quarter. Clearbridge Investments LLC now owns 3,096,738 shares of the bank’s stock valued at $31,060,000 after acquiring an additional 1,961,553 shares during the period. American Century Companies Inc. lifted its position in shares of Banco Bilbao Vizcaya Argentaria by 24.2% in the second quarter. American Century Companies Inc. now owns 1,890,079 shares of the bank’s stock valued at $18,957,000 after acquiring an additional 368,660 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of Banco Bilbao Vizcaya Argentaria by 1.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,363,752 shares of the bank’s stock worth $16,147,000 after acquiring an additional 20,719 shares during the period. Institutional investors own 2.96% of the company’s stock.

Banco Bilbao Vizcaya Argentaria Trading Down 7.8 %

Shares of NYSE BBVA opened at $9.65 on Thursday. The stock has a market capitalization of $56.31 billion, a PE ratio of 5.54, a price-to-earnings-growth ratio of 1.00 and a beta of 1.31. Banco Bilbao Vizcaya Argentaria, S.A. has a 12-month low of $8.18 and a 12-month high of $12.20. The stock’s fifty day simple moving average is $10.26 and its two-hundred day simple moving average is $10.40.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Friday, October 25th. Stockholders of record on Wednesday, October 9th were given a dividend of $0.3244 per share. The ex-dividend date was Wednesday, October 9th. This is an increase from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. This represents a dividend yield of 5.6%. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is presently 29.31%.

Analyst Ratings Changes

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

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.