35,068 Shares of Banco Bilbao Vizcaya Argentaria S.A. $BBVA Acquired by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC bought a new position in Banco Bilbao Vizcaya Argentaria S.A. (NYSE:BBVA) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 35,068 shares of the bank’s stock, valued at approximately $977,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BBVA. Bank of America Corp DE grew its position in Banco Bilbao Vizcaya Argentaria by 4.9% in the first quarter. Bank of America Corp DE now owns 7,488,811 shares of the bank’s stock worth $162,208,000 after buying an additional 352,011 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 23.3% in the first quarter. Quantinno Capital Management LP now owns 1,223,071 shares of the bank’s stock worth $26,492,000 after buying an additional 231,330 shares during the period. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Banco Bilbao Vizcaya Argentaria in the first quarter worth approximately $4,471,000. Boston Common Asset Management LLC acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria during the first quarter valued at approximately $3,440,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Banco Bilbao Vizcaya Argentaria by 9.1% in the 1st quarter. Bank of New York Mellon Corp now owns 919,176 shares of the bank’s stock valued at $19,909,000 after acquiring an additional 76,694 shares in the last quarter. 2.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BBVA. Banco Sabadell cut Banco Bilbao Vizcaya Argentaria to an “underweight” rating in a research report on Wednesday, September 16th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Banco Bilbao Vizcaya Argentaria in a research report on Monday, August 10th. Keefe, Bruyette & Woods cut shares of Banco Bilbao Vizcaya Argentaria from a “moderate buy” rating to a “hold” rating in a report on Wednesday, August 12th. The Goldman Sachs Group restated a “buy” rating on shares of Banco Bilbao Vizcaya Argentaria in a report on Wednesday, August 5th. Finally, Zacks Research downgraded Banco Bilbao Vizcaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 26th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Banco Bilbao Vizcaya Argentaria Price Performance

NYSE BBVA opened at $25.43 on Thursday. The firm has a market cap of $141.95 billion, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 0.63 and a beta of 0.85. The stock’s 50-day moving average is $27.21 and its two-hundred day moving average is $24.79. Banco Bilbao Vizcaya Argentaria S.A. has a fifty-two week low of $20.10 and a fifty-two week high of $29.64.

Banco Bilbao Vizcaya Argentaria Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th were issued a dividend of $0.4168 per share. This represents a yield of 324.0%. The ex-dividend date was Wednesday, October 14th. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is 29.00%.

About Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria, SA (NYSE: BBVA) is a global financial services group headquartered in Bilbao, Spain. The bank traces its origins to Banco de Bilbao, founded in 1857, and adopted the BBVA name in 1999 following the merger of Banco Bilbao Vizcaya and Argentaria.

BBVA provides retail and commercial banking services, including checking and savings accounts, consumer and mortgage lending, credit cards, payments, and digital banking. It also serves businesses and institutions through corporate and investment banking, transaction banking, capital markets, and advisory services.