Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Shares Gap Down – Here’s What Happened

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $9.72, but opened at $9.45. Banco Bilbao Vizcaya Argentaria shares last traded at $9.46, with a volume of 250,771 shares.

Analyst Ratings Changes

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

Banco Bilbao Vizcaya Argentaria Stock Up 1.4 %

The stock has a market capitalization of $56.16 billion, a PE ratio of 5.53, a PEG ratio of 0.98 and a beta of 1.28. The firm’s fifty day moving average price is $9.77 and its two-hundred day moving average price is $10.12.

Institutional Investors Weigh In On Banco Bilbao Vizcaya Argentaria

A number of hedge funds have recently added to or reduced their stakes in the stock. Mediolanum International Funds Ltd bought a new position in shares of Banco Bilbao Vizcaya Argentaria in the 3rd quarter worth approximately $2,297,000. Envestnet Asset Management Inc. raised its position in Banco Bilbao Vizcaya Argentaria by 9.9% in the second quarter. Envestnet Asset Management Inc. now owns 4,412,058 shares of the bank’s stock worth $44,253,000 after acquiring an additional 396,829 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Banco Bilbao Vizcaya Argentaria during the 2nd quarter worth $577,000. NewEdge Advisors LLC grew its position in shares of Banco Bilbao Vizcaya Argentaria by 198.3% during the 2nd quarter. NewEdge Advisors LLC now owns 91,450 shares of the bank’s stock valued at $917,000 after acquiring an additional 60,797 shares during the period. Finally, Cerity Partners LLC increased its stake in shares of Banco Bilbao Vizcaya Argentaria by 37.3% in the 3rd quarter. Cerity Partners LLC now owns 393,458 shares of the bank’s stock worth $4,265,000 after purchasing an additional 106,869 shares in the last quarter. 2.96% of the stock is currently owned by hedge funds and other 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.