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

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) shares saw unusually-high trading volume on Thursday . Approximately 2,565,508 shares traded hands during trading, an increase of 21% from the previous session’s volume of 2,121,274 shares.The stock last traded at $11.70 and had previously closed at $11.53.

Analyst Upgrades and Downgrades

Separately, 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 research analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Down 3.4 %

The firm has a market cap of $66.23 billion, a price-to-earnings ratio of 6.52, a PEG ratio of 0.73 and a beta of 1.27. The company has a 50-day moving average price of $10.17 and a 200 day moving average price of $10.21.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its earnings results on Tuesday, February 4th. The bank reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. Banco Bilbao Vizcaya Argentaria had a return on equity of 17.13% and a net margin of 28.55%. Equities analysts forecast that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.68 EPS for the current year.

Institutional Investors Weigh In On Banco Bilbao Vizcaya Argentaria

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 48.4% during the 2nd quarter. Hsbc Holdings PLC now owns 31,396 shares of the bank’s stock worth $315,000 after purchasing an additional 10,235 shares in the last quarter. AQR Capital Management LLC raised its position in Banco Bilbao Vizcaya Argentaria by 35.6% during the second quarter. AQR Capital Management LLC now owns 42,258 shares of the bank’s stock valued at $424,000 after acquiring an additional 11,100 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Banco Bilbao Vizcaya Argentaria by 198.3% in the second quarter. NewEdge Advisors LLC now owns 91,450 shares of the bank’s stock valued at $917,000 after acquiring an additional 60,797 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Banco Bilbao Vizcaya Argentaria in the second quarter worth approximately $520,000. Finally, Truist Financial Corp increased its stake in shares of Banco Bilbao Vizcaya Argentaria by 0.4% during the 2nd quarter. Truist Financial Corp now owns 373,859 shares of the bank’s stock worth $3,750,000 after purchasing an additional 1,531 shares during 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.