Banco Bilbao Vizcaya Argentaria SA (BBVA) Shares Sold by Riverhead Capital Management LLC

Banco Bilbao Vizcaya Argentaria SA (BBVA) Shares Sold by Riverhead Capital Management LLC

Riverhead Capital Management LLC reduced its position in shares of Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) by 63.9% during the third quarter, Holdings Channel reports. The fund owned 24,515 shares of the company’s stock after selling 43,329 shares during the period. Riverhead Capital Management LLC’s holdings in Banco Bilbao Vizcaya Argentaria SA were worth $146,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Huntington National Bank raised its stake in shares of Banco Bilbao Vizcaya Argentaria SA by 0.7% in the third quarter. Huntington National Bank now owns 16,957 shares of the company’s stock worth $101,000 after buying an additional 115 shares during the last quarter. Chickasaw Capital Management LLC raised its stake in Banco Bilbao Vizcaya Argentaria SA by 0.3% in the third quarter. Chickasaw Capital Management LLC now owns 110,364 shares of the company’s stock worth $658,000 after buying an additional 373 shares in the last quarter. Ballentine Partners LLC raised its stake in Banco Bilbao Vizcaya Argentaria SA by 1.6% in the third quarter. Ballentine Partners LLC now owns 36,574 shares of the company’s stock worth $217,000 after buying an additional 563 shares in the last quarter. Genesee Valley Trust Co. raised its stake in Banco Bilbao Vizcaya Argentaria SA by 3.4% in the third quarter. Genesee Valley Trust Co. now owns 40,508 shares of the company’s stock worth $241,000 after buying an additional 1,350 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. raised its stake in Banco Bilbao Vizcaya Argentaria SA by 12.7% in the third quarter. Independent Portfolio Consultants Inc. now owns 27,710 shares of the company’s stock worth $168,000 after buying an additional 3,115 shares in the last quarter.

Shares of Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) traded down 0.29% during trading on Friday, hitting $6.82. 1,577,341 shares of the company were exchanged. The company’s 50-day moving average price is $6.74 and its 200 day moving average price is $6.32. The stock has a market cap of $44.12 billion and a P/E ratio of 10.98. Banco Bilbao Vizcaya Argentaria SA has a 12 month low of $5.14 and a 12 month high of $7.67.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 30th. Shareholders of record on Wednesday, January 11th will be issued a $0.0839 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Monday, January 9th. This is a positive change from Banco Bilbao Vizcaya Argentaria SA’s previous quarterly dividend of $0.08.

A number of analysts have recently weighed in on BBVA shares. Citigroup Inc. lowered Banco Bilbao Vizcaya Argentaria SA from a “neutral” rating to a “sell” rating in a research report on Thursday, November 10th. RBC Capital Markets raised Banco Bilbao Vizcaya Argentaria SA from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, October 19th. Jefferies Group LLC lowered Banco Bilbao Vizcaya Argentaria SA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 9th. Finally, Zacks Investment Research raised Banco Bilbao Vizcaya Argentaria SA from a “sell” rating to a “hold” rating in a research report on Tuesday, January 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Banco Bilbao Vizcaya Argentaria SA presently has a consensus rating of “Hold” and an average target price of $7.00.

About Banco Bilbao Vizcaya Argentaria SA

Banco Bilbao Vizcaya Argentaria, SA is a diversified international financial company engaged in retail banking, asset management, private banking and wholesale banking. The Company operates through seven segments: Banking Activity in Spain, Real Estate Activity in Spain, Turkey, Rest of Eurasia, Mexico, South America and United States.

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