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

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) shares saw unusually-high trading volume on Thursday . Approximately 2,565,508 shares were traded during trading, an increase of 21% from the previous session’s volume of 2,121,274 shares.The stock last traded at $11.70 and had previously closed at $11.53.

Analysts Set New Price Targets

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

Banco Bilbao Vizcaya Argentaria Price Performance

The stock’s fifty day simple moving average is $10.10 and its 200-day simple moving average is $10.19. The company has a market capitalization of $69.09 billion, a P/E ratio of 6.80, a PEG ratio of 0.68 and a beta of 1.27.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BBVA. GAMMA Investing LLC increased its position in shares of Banco Bilbao Vizcaya Argentaria by 19.7% during the fourth quarter. GAMMA Investing LLC now owns 10,866 shares of the bank’s stock worth $106,000 after acquiring an additional 1,792 shares in the last quarter. Mediolanum International Funds Ltd bought a new stake in shares of Banco Bilbao Vizcaya Argentaria in the third quarter valued at about $2,297,000. Sanctuary Advisors LLC bought a new position in shares of Banco Bilbao Vizcaya Argentaria during the second quarter worth approximately $577,000. Cerity Partners LLC lifted its position in shares of Banco Bilbao Vizcaya Argentaria by 37.3% during the 3rd quarter. Cerity Partners LLC now owns 393,458 shares of the bank’s stock valued at $4,265,000 after acquiring an additional 106,869 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 198.3% during the second quarter. NewEdge Advisors LLC now owns 91,450 shares of the bank’s stock worth $917,000 after purchasing an additional 60,797 shares during the period. 2.96% of the stock is currently owned by institutional investors.

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.