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

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) shares saw an uptick in trading volume on Thursday . 4,688,702 shares were traded during trading, an increase of 108% from the previous session’s volume of 2,257,886 shares.The stock last traded at $14.16 and had previously closed at $13.93.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BBVA. Hsbc Global Res upgraded shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. Kepler Capital Markets upgraded shares of Banco Bilbao Vizcaya Argentaria from a “reduce” rating to a “hold” rating in a report on Thursday, February 27th. Finally, StockNews.com upgraded shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a report on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Banco Bilbao Vizcaya Argentaria presently has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Trading Up 2.1 %

The firm has a market cap of $82.58 billion, a P/E ratio of 7.81, a price-to-earnings-growth ratio of 0.80 and a beta of 1.25. The company has a quick ratio of 0.27, a current ratio of 1.01 and a debt-to-equity ratio of 1.16. The firm’s 50-day simple moving average is $11.65 and its 200 day simple moving average is $10.62.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last announced its quarterly earnings data on Tuesday, February 4th. The bank reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. Banco Bilbao Vizcaya Argentaria had a net margin of 28.10% and a return on equity of 17.49%. As a group, analysts expect that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 earnings per share for the current year.

Institutional Trading of Banco Bilbao Vizcaya Argentaria

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC raised its position in shares of Banco Bilbao Vizcaya Argentaria by 19.7% in the fourth quarter. GAMMA Investing LLC now owns 10,866 shares of the bank’s stock valued at $106,000 after purchasing an additional 1,792 shares during the period. Cerity Partners LLC raised its position in shares of Banco Bilbao Vizcaya Argentaria by 37.3% in the third quarter. Cerity Partners LLC now owns 393,458 shares of the bank’s stock valued at $4,265,000 after purchasing an additional 106,869 shares during the period. Savant Capital LLC raised its position in shares of Banco Bilbao Vizcaya Argentaria by 10.0% in the fourth quarter. Savant Capital LLC now owns 47,217 shares of the bank’s stock valued at $459,000 after purchasing an additional 4,302 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Banco Bilbao Vizcaya Argentaria by 21.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 377,530 shares of the bank’s stock valued at $4,092,000 after purchasing an additional 65,852 shares during the period. Finally, HB Wealth Management LLC bought a new stake in shares of Banco Bilbao Vizcaya Argentaria in the fourth quarter valued at approximately $124,000. 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.