Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) Sees Large Drop in Short Interest

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 2,990,000 shares, a decrease of 5.1% from the November 15th total of 3,150,000 shares. Based on an average daily trading volume, of 1,480,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Advisors LLC acquired a new position in shares of Banco Bilbao Vizcaya Argentaria during the 1st quarter worth about $191,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Banco Bilbao Vizcaya Argentaria by 5.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 29,099 shares of the bank’s stock worth $292,000 after acquiring an additional 1,397 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Banco Bilbao Vizcaya Argentaria by 7.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 65,695 shares of the bank’s stock worth $659,000 after acquiring an additional 4,275 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Banco Bilbao Vizcaya Argentaria by 390.4% during the 2nd quarter. Blue Trust Inc. now owns 22,994 shares of the bank’s stock worth $231,000 after acquiring an additional 18,305 shares in the last quarter. Finally, Raymond James & Associates boosted its position in shares of Banco Bilbao Vizcaya Argentaria by 266.0% during the 2nd quarter. Raymond James & Associates now owns 406,418 shares of the bank’s stock worth $4,076,000 after acquiring an additional 295,378 shares in the last quarter. 2.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Price Performance

BBVA opened at $9.94 on Wednesday. Banco Bilbao Vizcaya Argentaria has a 12 month low of $8.63 and a 12 month high of $12.20. The stock has a market capitalization of $58.00 billion, a price-to-earnings ratio of 5.71, a PEG ratio of 0.98 and a beta of 1.28. The business has a fifty day moving average price of $9.85 and a 200 day moving average price of $10.17.

Banco Bilbao Vizcaya Argentaria Increases Dividend

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

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.