Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Sees Large Volume Increase – Here’s Why

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) shares saw unusually-high trading volume on Tuesday . Approximately 645,403 shares changed hands during mid-day trading, a decline of 57% from the previous session’s volume of 1,496,622 shares.The stock last traded at $9.45 and had previously closed at $9.67.

Analysts Set New Price Targets

Several brokerages have recently commented on BBVA. Royal Bank of Canada raised shares of Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a report on Wednesday, July 31st. StockNews.com upgraded shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, Citigroup raised Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Down 3.1 %

The stock’s fifty day simple moving average is $10.14 and its two-hundred day simple moving average is $10.28. The firm has a market cap of $54.70 billion, a PE ratio of 5.56, a PEG ratio of 0.94 and a beta of 1.31.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Friday, October 25th. Investors of record on Wednesday, October 9th were given a dividend of $0.3244 per share. The ex-dividend date was Wednesday, October 9th. This is a boost from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. This represents a dividend yield of 5.6%. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio (DPR) is 29.31%.

Hedge Funds Weigh In On Banco Bilbao Vizcaya Argentaria

A number of institutional investors and hedge funds have recently modified their holdings of BBVA. Barclays PLC purchased a new position in Banco Bilbao Vizcaya Argentaria during the third quarter valued at approximately $41,000. Rothschild Investment LLC purchased a new position in Banco Bilbao Vizcaya Argentaria during the 2nd quarter valued at approximately $40,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria during the 2nd quarter worth approximately $43,000. Benjamin F. Edwards & Company Inc. increased its position in Banco Bilbao Vizcaya Argentaria by 67.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,924 shares of the bank’s stock worth $49,000 after purchasing an additional 1,990 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Banco Bilbao Vizcaya Argentaria by 48.2% in the 1st quarter. Russell Investments Group Ltd. now owns 5,788 shares of the bank’s stock worth $69,000 after buying an additional 1,882 shares in the last quarter. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

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.