Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Sees Unusually-High Trading Volume – Here’s What Happened

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) saw unusually-high trading volume on Tuesday . Approximately 645,403 shares changed hands during 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.

Wall Street Analyst Weigh In

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

Banco Bilbao Vizcaya Argentaria Stock Performance

The business has a 50 day moving average of $10.09 and a two-hundred day moving average of $10.27. The stock has a market capitalization of $54.00 billion, a PE ratio of 5.32, a PEG ratio of 0.95 and a beta of 1.31.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Friday, October 25th. Stockholders of record on Wednesday, October 9th were issued a $0.3244 dividend. 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%. The ex-dividend date was Wednesday, October 9th. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio (DPR) is currently 29.31%.

Institutional Investors Weigh In On Banco Bilbao Vizcaya Argentaria

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria during the 3rd quarter valued at $41,000. Rothschild Investment LLC purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria during the second quarter worth about $40,000. Ashton Thomas Private Wealth LLC acquired a new stake in Banco Bilbao Vizcaya Argentaria in the 2nd quarter worth approximately $43,000. Benjamin F. Edwards & Company Inc. grew its position in Banco Bilbao Vizcaya Argentaria by 67.8% during the 2nd 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. increased its stake in Banco Bilbao Vizcaya Argentaria by 48.2% during the 1st quarter. Russell Investments Group Ltd. now owns 5,788 shares of the bank’s stock valued at $69,000 after purchasing an additional 1,882 shares in the last quarter. Hedge funds and other institutional investors own 2.96% of the company’s stock.

About Banco Bilbao Vizcaya Argentaria

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.