Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) Stake Raised by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC boosted its holdings in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA – Get Rating) by 114.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 143,779 shares of the bank’s stock after acquiring an additional 76,802 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Banco Bilbao Vizcaya Argentaria were worth $844,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC raised its holdings in Banco Bilbao Vizcaya Argentaria by 4.1% during the 4th quarter. Fisher Asset Management LLC now owns 46,360,564 shares of the bank’s stock worth $272,137,000 after buying an additional 1,815,913 shares during the period. Dimensional Fund Advisors LP raised its holdings in Banco Bilbao Vizcaya Argentaria by 6.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,784,932 shares of the bank’s stock worth $33,958,000 after buying an additional 325,303 shares during the period. Goldman Sachs Group Inc. raised its holdings in Banco Bilbao Vizcaya Argentaria by 5.5% during the 3rd quarter. Goldman Sachs Group Inc. now owns 5,600,595 shares of the bank’s stock worth $36,908,000 after buying an additional 292,246 shares during the period. Credit Suisse AG raised its holdings in Banco Bilbao Vizcaya Argentaria by 9.6% during the 3rd quarter. Credit Suisse AG now owns 3,675,213 shares of the bank’s stock worth $24,220,000 after buying an additional 322,864 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Banco Bilbao Vizcaya Argentaria by 3.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 3,152,340 shares of the bank’s stock worth $18,504,000 after buying an additional 99,615 shares during the period.

Several research firms have issued reports on BBVA. Credit Suisse Group boosted their price objective on Banco Bilbao Vizcaya Argentaria from €5.20 ($5.42) to €5.40 ($5.63) and gave the stock a “neutral” rating in a report on Friday, February 4th. Oddo Bhf cut Banco Bilbao Vizcaya Argentaria from an “outperform” rating to a “neutral” rating in a research note on Friday, March 25th. StockNews.com started coverage on Banco Bilbao Vizcaya Argentaria in a research note on Thursday, March 31st. They set a “buy” rating on the stock. The Goldman Sachs Group started coverage on Banco Bilbao Vizcaya Argentaria in a research note on Wednesday, March 30th. They set a “neutral” rating on the stock. Finally, Morgan Stanley lifted their target price on Banco Bilbao Vizcaya Argentaria from €7.00 ($7.29) to €7.30 ($7.60) and gave the company an “overweight” rating in a research note on Tuesday, February 15th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $6.61.

Shares of NYSE BBVA opened at $5.05 on Tuesday. The business has a 50 day simple moving average of $5.41 and a 200 day simple moving average of $5.91. Banco Bilbao Vizcaya Argentaria, S.A. has a 52 week low of $4.76 and a 52 week high of $7.26. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.58 and a quick ratio of 0.58.

The business also recently announced a semi-annual dividend, which was paid on Monday, April 25th. Shareholders of record on Thursday, April 7th were given a dividend of $0.2611 per share. The ex-dividend date of this dividend was Wednesday, April 6th. This represents a yield of 4.4%. This is a boost from Banco Bilbao Vizcaya Argentaria’s previous semi-annual dividend of $0.09. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is presently 47.06%.

Banco Bilbao Vizcaya Argentaria Profile (Get Rating)

Banco Bilbao Vizcaya Argentaria, SA, together with its subsidiaries, provides retail banking, wholesale banking, and asset management services. It offers current accounts; and demand, savings, overnight, time, term, and subordinated deposits. The company also provides loan products; deals in securities; and manages pension and investment funds.

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