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

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) saw strong trading volume on Monday . 4,470,003 shares changed hands during trading, an increase of 231% from the previous session’s volume of 1,348,723 shares.The stock last traded at $10.39 and had previously closed at $10.11.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Performance

The company has a market cap of $62.64 billion, a PE ratio of 6.17, a P/E/G ratio of 0.98 and a beta of 1.27. The stock’s 50-day simple moving average is $9.81 and its 200 day simple moving average is $10.14.

Institutional Investors Weigh In On Banco Bilbao Vizcaya Argentaria

A number of institutional investors have recently added to or reduced their stakes in BBVA. Rhumbline Advisers lifted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 3.8% in the 2nd quarter. Rhumbline Advisers now owns 112,172 shares of the bank’s stock valued at $1,125,000 after buying an additional 4,149 shares during the period. American Century Companies Inc. raised its position in Banco Bilbao Vizcaya Argentaria by 24.2% in the second quarter. American Century Companies Inc. now owns 1,890,079 shares of the bank’s stock worth $18,957,000 after acquiring an additional 368,660 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Banco Bilbao Vizcaya Argentaria by 10.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 440,204 shares of the bank’s stock valued at $4,415,000 after acquiring an additional 41,213 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Banco Bilbao Vizcaya Argentaria by 9.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,412,058 shares of the bank’s stock worth $44,253,000 after purchasing an additional 396,829 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Banco Bilbao Vizcaya Argentaria by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,103,927 shares of the bank’s stock worth $111,371,000 after purchasing an additional 619,836 shares during the period. 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.