JCIC Asset Management Inc. Takes Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

JCIC Asset Management Inc. acquired a new stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) during the 4th quarter, Holdings Channel.com reports. The fund acquired 131,910 shares of the bank’s stock, valued at approximately $3,075,000.

Other large investors also recently modified their holdings of the company. Navigoe LLC bought a new position in shares of Banco Bilbao Viscaya Argentaria in the third quarter valued at about $26,000. Cornerstone Planning Group LLC raised its position in shares of Banco Bilbao Viscaya Argentaria by 183.2% in the third quarter. Cornerstone Planning Group LLC now owns 1,597 shares of the bank’s stock valued at $32,000 after purchasing an additional 1,033 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Banco Bilbao Viscaya Argentaria by 45.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,456 shares of the bank’s stock valued at $34,000 after purchasing an additional 456 shares during the period. Sound Income Strategies LLC increased its stake in shares of Banco Bilbao Viscaya Argentaria by 187.3% during the fourth quarter. Sound Income Strategies LLC now owns 1,557 shares of the bank’s stock worth $38,000 after purchasing an additional 1,015 shares during the period. Finally, Salomon & Ludwin LLC increased its stake in shares of Banco Bilbao Viscaya Argentaria by 2,989.5% during the third quarter. Salomon & Ludwin LLC now owns 2,348 shares of the bank’s stock worth $45,000 after purchasing an additional 2,272 shares during the period. 2.96% of the stock is owned by institutional investors.

Banco Bilbao Viscaya Argentaria Price Performance

Banco Bilbao Viscaya Argentaria stock opened at $22.65 on Friday. The stock’s fifty day moving average price is $22.51 and its two-hundred day moving average price is $21.90. Banco Bilbao Viscaya Argentaria S.A. has a one year low of $12.26 and a one year high of $26.20. The firm has a market cap of $130.51 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 0.62 and a beta of 0.86.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its quarterly earnings data on Thursday, February 5th. The bank reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. Banco Bilbao Viscaya Argentaria had a return on equity of 17.29% and a net margin of 28.43%.The firm had revenue of $11.49 billion for the quarter, compared to analyst estimates of $10.74 billion. Sell-side analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current fiscal year.

Banco Bilbao Viscaya Argentaria Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, April 27th. Stockholders of record on Thursday, April 9th will be paid a $0.7084 dividend. The ex-dividend date is Thursday, April 9th. This represents a dividend yield of 626.0%. Banco Bilbao Viscaya Argentaria’s dividend payout ratio (DPR) is presently 30.46%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BBVA. Zacks Research lowered Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Weiss Ratings lowered Banco Bilbao Viscaya Argentaria from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, April 2nd. Wall Street Zen raised shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Royal Bank Of Canada lowered shares of Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

About Banco Bilbao Viscaya Argentaria

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank traces its roots to several historic regional banks and was formed through a series of mergers that consolidated its position as one of Spain’s largest banking groups. BBVA operates as a universal bank offering a broad range of financial services to retail, corporate and institutional clients.

BBVA’s core businesses include retail and commercial banking, corporate and investment banking, private banking and wealth management, asset management, and insurance.