Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Upgraded to Buy at HSBC
research analysts have also issued reports about the company. HSBC upgrades Banco Bilbao Vizcaya Argentaria from a hold rating to a buy rating.
The Fly
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Recent research reports have been published by other analysts about the stock. Societe Generale downgraded shares of Banco Bilbao Vizcaya Argentaria to a Hold rating in a note published on Tuesday, January 24, 2013. In a research report published on Friday, 31st March, Banco Bilbao Vizcaya Argentaria shares were downgraded from a "strong-buy" rating to a "buy". Five analysts gave the stock a hold and five others a buy rating. The stock opened Friday at $7.34. The market cap is $46.88billion, the price-to earnings ratio is 6.86, and beta is 1.25. The company's simple moving-average is $7.24, and its 200-day moving-average is $6.46. The company's quick ratio is 1.02, its current ratio is 1.02, and its debt-to equity ratio is 1.10. Banco Bilbao Vizcaya Argentaria's 52-week low is $3.93, and its 52-week high is $7.93.
The last time the company released its results was on February 1st. The bank's earnings per share were $0.26, which was $0.03 below the consensus estimate ($0.03). Banco Bilbao Vizcaya Argentaria reported a net profit margin of 26.53 % and a return of equity of 14.21%. The firm's revenue was $6.66 billion, which was lower than the $7.17 billion analysts expected. Analysts at equities firms predict that Banco Bilbao Vizcaya Argentaria's earnings per share will be 1.23 for the current fiscal year.
Banco Bilbao Vizcaya Argentaria Increases Dividend
A semi-annual payout was also announced by the firm, and it took place on April 20th. Dividends were paid to shareholders who had their shares in the company's records on April 4, 2012. This dividend became payable on Monday, April 3. This yield is 4%. This dividend is an increase from the previous semi-annual Banco Bilbao Vizcaya Argentaria dividend of $0.12. The payout ratio of Banco Bilbao Vizcaya Argentaria is currently 51.40%.
Hedge Funds Weigh In On Banco Bilbao Vizcaya Argentaria
Recent changes in institutional investor's holdings have been made. Ronald Blue Trust Inc. increased its holdings in Banco Bilbao Vizcaya Argentaria shares by 217.2% during the fourth quarter. Ronald Blue Trust Inc. owns 5,681 of the bank’s shares valued at $26,000, after purchasing an additional 3,890 during the fourth quarter. Zions Bancorporation N.A. Zions Bancorporation N.A. increased its position in Banco Bilbao Vizcaya Argentaria shares by 71.0% during the fourth quarter. Zions Bancorporation N.A. After buying 1,904 additional shares in the last quarter, Zions Bancorporation N.A. now owns 4,584 of the bank’s stock valued at approximately $28,000. Penserra Capital Management LLC purchased a new stake in Banco Bilbao Vizcaya Argentaria during the third quarter, valued at about $38,000. Brown Brothers Harriman & Co. increased its position in Banco Bilbao Vizcaya Argentaria shares by 124.8% during the first quarter. Brown Brothers Harriman & Co. owns 6,859 of the bank’s stock, valued at $39,000. This is after purchasing an additional 3,808 during the last quarter. CWM LLC increased its holdings in Banco Bilbao Vizcaya Argentaria shares by 29.6% during the fourth quarter. CWM LLC owns 7,036 of the bank’s shares valued at $42,000, after purchasing an additional 1,608 during the last quarter. 2.5% of the stock is owned by hedge funds and institutional investors.
Banco Bilbao Vizcaya Argentaria Company Profile
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Banco Bilbao Vizcaya Argentaria SA is a traditional bank that engages in retail banking, asset and private management, wholesale banking, as well as wholesale banking. It is divided into the following segments: Spain and the United States. Mexico, Turkey, South America and Rest of Eurasia. Spain is a segment that includes the main banking and insurance activities of the group in Spain.
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