Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Sees Strong Trading Volume – Time to Buy?

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) shares saw strong trading volume on Friday . 1,505,603 shares traded hands during mid-day trading, an increase of 1% from the previous session’s volume of 1,489,948 shares.The stock last traded at $10.18 and had previously closed at $10.07.

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

Banco Bilbao Vizcaya Argentaria Stock Up 0.8 %

The firm has a market capitalization of $59.26 billion, a P/E ratio of 5.78, a PEG ratio of 0.98 and a beta of 1.28. The business has a 50-day moving average price of $9.88 and a 200-day moving average price of $10.19.

Banco Bilbao Vizcaya Argentaria Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Clearbridge Investments LLC grew its holdings in shares of Banco Bilbao Vizcaya Argentaria by 172.8% in the 2nd quarter. Clearbridge Investments LLC now owns 3,096,738 shares of the bank’s stock worth $31,060,000 after purchasing an additional 1,961,553 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Banco Bilbao Vizcaya Argentaria by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 11,103,927 shares of the bank’s stock worth $111,371,000 after buying an additional 619,836 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 9.9% during the second quarter. Envestnet Asset Management Inc. now owns 4,412,058 shares of the bank’s stock worth $44,253,000 after buying an additional 396,829 shares in the last quarter. Raymond James & Associates raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 91.0% in the third quarter. Raymond James & Associates now owns 776,389 shares of the bank’s stock valued at $8,416,000 after acquiring an additional 369,971 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Banco Bilbao Vizcaya Argentaria by 24.2% during the 2nd 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 during the last quarter. Institutional investors own 2.96% of the company’s stock.

Banco Bilbao Vizcaya Argentaria Company Profile

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.