Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Sees Large Volume Increase

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) shares saw unusually-strong trading volume on Thursday . Approximately 3,667,229 shares traded hands during trading, an increase of 132% from the previous session’s volume of 1,579,311 shares.The stock last traded at $10.45 and had previously closed at $10.46.

Analysts Set New Price Targets

Separately, Barclays cut Banco Bilbao Vizcaya Argentaria from an “overweight” rating to an “equal weight” rating in a research note on Monday, March 25th.

Banco Bilbao Vizcaya Argentaria Stock Performance

The company has a 50-day moving average price of $11.08 and a 200-day moving average price of $9.70. The firm has a market capitalization of $63.17 billion, a price-to-earnings ratio of 7.20, a PEG ratio of 0.55 and a beta of 1.33.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its quarterly earnings data on Monday, January 29th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. The business had revenue of $8.01 billion during the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 15.34% and a net margin of 26.90%. On average, research analysts expect that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.54 earnings per share for the current fiscal year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, April 25th. Stockholders of record on Tuesday, April 9th were given a dividend of $0.1695 per share. This is a boost from Banco Bilbao Vizcaya Argentaria’s previous semi-annual dividend of $0.17. This represents a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, April 8th. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is currently 45.58%.

Institutional Trading of Banco Bilbao Vizcaya Argentaria

Large investors have recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria in the 4th quarter valued at about $28,000. Spire Wealth Management boosted its position in shares of Banco Bilbao Vizcaya Argentaria by 237.7% in the 4th quarter. Spire Wealth Management now owns 4,120 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,900 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Banco Bilbao Vizcaya Argentaria by 139.8% in the 4th quarter. Russell Investments Group Ltd. now owns 3,906 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,277 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria in the 4th quarter valued at about $44,000. Finally, Financial Management Professionals Inc. boosted its position in shares of Banco Bilbao Vizcaya Argentaria by 295.3% in the 1st quarter. Financial Management Professionals Inc. now owns 4,076 shares of the bank’s stock valued at $48,000 after purchasing an additional 3,045 shares during the period. 2.96% of the stock is owned by institutional investors and hedge funds.

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.