Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) Position Increased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its stake 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 13F filing with the Securities and Exchange Commission (SEC). The fund owned 484,361 shares of the bank’s stock after buying an additional 44,157 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Banco Bilbao Vizcaya Argentaria were worth $5,250,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Capital Research Global Investors grew its holdings in Banco Bilbao Vizcaya Argentaria by 56.2% in the 1st quarter. Capital Research Global Investors now owns 233,631 shares of the bank’s stock worth $2,766,000 after buying an additional 84,063 shares in the last quarter. Deltec Asset Management LLC acquired a new position in shares of Banco Bilbao Vizcaya Argentaria during the second quarter valued at $928,000. Mediolanum International Funds Ltd bought a new stake in shares of Banco Bilbao Vizcaya Argentaria during the third quarter valued at about $2,297,000. Sequoia Financial Advisors LLC lifted its holdings in Banco Bilbao Vizcaya Argentaria by 5.8% in the second quarter. Sequoia Financial Advisors LLC now owns 88,022 shares of the bank’s stock worth $883,000 after purchasing an additional 4,850 shares during the period. Finally, Envestnet Asset Management Inc. grew its position 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 valued at $44,253,000 after buying an additional 396,829 shares in the last quarter. 2.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Banco Bilbao Vizcaya Argentaria Trading Up 2.1 %

Shares of NYSE BBVA opened at $9.54 on Friday. The firm has a 50-day moving average of $10.19 and a two-hundred day moving average of $10.34. The company has a market capitalization of $55.69 billion, a price-to-earnings ratio of 5.37, a PEG ratio of 0.93 and a beta of 1.31. Banco Bilbao Vizcaya Argentaria, S.A. has a twelve month low of $8.63 and a twelve month high of $12.20.

Banco Bilbao Vizcaya Argentaria Increases Dividend

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

About Banco Bilbao Vizcaya Argentaria

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.