Short Interest in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) Drops By 11.1%

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 1,840,000 shares, a drop of 11.1% from the October 15th total of 2,070,000 shares. Based on an average daily trading volume, of 1,350,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.0% of the company’s stock are sold short.

Banco Bilbao Vizcaya Argentaria Trading Up 2.9 %

BBVA traded up $0.28 during trading on Friday, reaching $9.82. 2,634,789 shares of the company were exchanged, compared to its average volume of 1,636,006. The stock has a market cap of $57.33 billion, a P/E ratio of 5.64, a PEG ratio of 0.97 and a beta of 1.31. The firm has a 50 day moving average of $10.18 and a 200 day moving average of $10.32. Banco Bilbao Vizcaya Argentaria has a 52 week low of $8.63 and a 52 week high of $12.20.

Banco Bilbao Vizcaya Argentaria Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria in the second quarter valued at $40,000. Barclays PLC acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria in the third quarter valued at $41,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria in the second quarter valued at $43,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 67.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,924 shares of the bank’s stock valued at $49,000 after buying an additional 1,990 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 48.2% in the first quarter. Russell Investments Group Ltd. now owns 5,788 shares of the bank’s stock valued at $69,000 after buying an additional 1,882 shares during the period. Institutional investors and hedge funds own 2.96% of the company’s stock.

Analyst Ratings Changes

BBVA has been the subject of a number of recent analyst reports. Citigroup upgraded Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research note on Friday, August 9th. Royal Bank of Canada upgraded Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research note on Wednesday, July 31st. Finally, 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, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

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.