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

Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) saw an uptick in trading volume on Monday . 4,470,003 shares were traded 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 Analysts Forecast Growth

Separately, StockNews.com raised 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 assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Banco Bilbao Vizcaya Argentaria currently has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Up 4.8 %

The firm’s 50-day moving average is $9.80 and its 200-day moving average is $10.13. The company has a market capitalization of $61.88 billion, a PE ratio of 6.09, a price-to-earnings-growth ratio of 0.98 and a beta of 1.27.

Hedge Funds Weigh In On Banco Bilbao Vizcaya Argentaria

Several institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in Banco Bilbao Vizcaya Argentaria by 7.3% during the second quarter. Bank of New York Mellon Corp now owns 359,458 shares of the bank’s stock valued at $3,605,000 after acquiring an additional 24,442 shares during the last quarter. Rhumbline Advisers raised its position in Banco Bilbao Vizcaya Argentaria by 3.8% in the 2nd quarter. Rhumbline Advisers now owns 112,172 shares of the bank’s stock worth $1,125,000 after purchasing an additional 4,149 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Banco Bilbao Vizcaya Argentaria in the second quarter worth $43,000. Wedbush Securities Inc. grew its stake in shares of Banco Bilbao Vizcaya Argentaria by 44.7% during the second quarter. Wedbush Securities Inc. now owns 22,902 shares of the bank’s stock valued at $230,000 after buying an additional 7,076 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of 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 buying an additional 368,660 shares during the period. 2.96% of the stock is currently owned by institutional investors.

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.