Gallacher Capital Management LLC Sells 4,234 Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Gallacher Capital Management LLC lowered its stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 7.1% during the fourth quarter, Holdings Channel reports. The firm owned 55,011 shares of the bank’s stock after selling 4,234 shares during the period. Gallacher Capital Management LLC’s holdings in Banco Bilbao Vizcaya Argentaria were worth $501,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. grew its position in Banco Bilbao Vizcaya Argentaria by 13.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 16,781 shares of the bank’s stock valued at $135,000 after acquiring an additional 1,986 shares during the last quarter. Advisor Partners II LLC grew its position in Banco Bilbao Vizcaya Argentaria by 4.8% in the third quarter. Advisor Partners II LLC now owns 315,832 shares of the bank’s stock valued at $2,542,000 after acquiring an additional 14,549 shares during the last quarter. Whittier Trust Co. grew its position in Banco Bilbao Vizcaya Argentaria by 12.8% in the third quarter. Whittier Trust Co. now owns 53,629 shares of the bank’s stock valued at $432,000 after acquiring an additional 6,087 shares during the last quarter. Cable Hill Partners LLC bought a new position in Banco Bilbao Vizcaya Argentaria in the third quarter valued at about $84,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in Banco Bilbao Vizcaya Argentaria in the third quarter valued at about $560,000. Institutional investors own 2.96% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barclays cut Banco Bilbao Vizcaya Argentaria from an “overweight” rating to an “equal weight” rating in a research report on Monday, March 25th.

Banco Bilbao Vizcaya Argentaria Stock Performance

Shares of NYSE:BBVA traded up $0.17 during midday trading on Friday, hitting $10.59. 3,617,295 shares of the stock were exchanged, compared to its average volume of 2,346,371. The stock has a market capitalization of $63.17 billion, a price-to-earnings ratio of 7.20, a P/E/G ratio of 0.56 and a beta of 1.33. The business’s 50-day moving average price is $11.09 and its 200 day moving average price is $9.74. Banco Bilbao Vizcaya Argentaria, S.A. has a 12 month low of $6.47 and a 12 month high of $12.20.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, April 25th. Stockholders of record on Tuesday, April 9th were issued a dividend of $0.1695 per share. This is a boost from Banco Bilbao Vizcaya Argentaria’s previous semi-annual dividend of $0.17. This represents a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, April 8th. Banco Bilbao Vizcaya Argentaria’s payout ratio is 46.26%.

Banco Bilbao Vizcaya Argentaria Profile

Banco Bilbao Vizcaya Argentaria, SA provides retail banking, wholesale banking, and asset management services in the United States, Spain, Mexico, Turkey, South America, and internationally. The company offers savings account, demand deposits, and time deposits; and loan products, such as residential mortgages, other households, credit card loans, loans to enterprises and public sector, as well as consumer finance.