Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Sees Large Volume Increase – Time to Buy?

Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) saw an uptick in trading volume on Thursday . 1,372,944 shares were traded during mid-day trading, a decline of 7% from the previous session’s volume of 1,473,974 shares.The stock last traded at $10.14 and had previously closed at $9.65.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada raised shares of Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research note on Wednesday, July 31st. StockNews.com cut Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Citigroup upgraded shares of Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Banco Bilbao Vizcaya Argentaria Trading Up 3.6 %

The stock has a market cap of $58.38 billion, a P/E ratio of 5.54, a price-to-earnings-growth ratio of 1.00 and a beta of 1.31. The company’s fifty day simple moving average is $10.26 and its 200-day simple moving average is $10.40.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Friday, October 25th. Shareholders of record on Wednesday, October 9th were given a $0.3244 dividend. The ex-dividend date was Wednesday, October 9th. This is a positive change from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. This represents a yield of 5.6%. Banco Bilbao Vizcaya Argentaria’s payout ratio is 29.31%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Clearbridge Investments LLC grew its position in shares of Banco Bilbao Vizcaya Argentaria by 172.8% during the 2nd quarter. Clearbridge Investments LLC now owns 3,096,738 shares of the bank’s stock worth $31,060,000 after buying an additional 1,961,553 shares during the period. Dimensional Fund Advisors LP grew its holdings in Banco Bilbao Vizcaya Argentaria by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 11,103,927 shares of the bank’s stock valued at $111,371,000 after purchasing an additional 619,836 shares during the period. Envestnet Asset Management Inc. raised its holdings in Banco Bilbao Vizcaya Argentaria by 9.9% in the second quarter. Envestnet Asset Management Inc. now owns 4,412,058 shares of the bank’s stock worth $44,253,000 after purchasing an additional 396,829 shares during the period. Raymond James & Associates raised its stake in Banco Bilbao Vizcaya Argentaria by 91.0% during the 3rd quarter. Raymond James & Associates now owns 776,389 shares of the bank’s stock worth $8,416,000 after buying an additional 369,971 shares during the period. Finally, American Century Companies Inc. grew its stake in Banco Bilbao Vizcaya Argentaria by 24.2% in the second quarter. American Century Companies Inc. now owns 1,890,079 shares of the bank’s stock valued at $18,957,000 after acquiring an additional 368,660 shares during the period. Institutional investors and hedge funds own 2.96% of the company’s stock.

Banco Bilbao Vizcaya Argentaria Company 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.