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

Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) saw strong trading volume on Monday . 4,470,003 shares changed hands during mid-day trading, an increase of 231% from the previous session’s volume of 1,348,723 shares.The stock last traded at $10.39 and had previously closed at $10.11.

Wall Street Analyst Weigh In

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 investment analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Banco Bilbao Vizcaya Argentaria has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Performance

The company has a market capitalization of $61.88 billion, a P/E ratio of 6.09, a PEG ratio of 0.98 and a beta of 1.27. The stock has a 50 day moving average price of $9.80 and a 200 day moving average price of $10.13.

Hedge Funds Weigh In On Banco Bilbao Vizcaya Argentaria

Several institutional investors and hedge funds have recently bought and sold shares of BBVA. Dimensional Fund Advisors LP boosted its holdings in Banco Bilbao Vizcaya Argentaria by 5.9% in the 2nd 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 period. FMR LLC boosted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 5.7% in the third quarter. FMR LLC now owns 6,370,344 shares of the bank’s stock worth $69,055,000 after acquiring an additional 344,355 shares during the period. Envestnet Asset Management Inc. grew its position in shares of 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 valued at $44,253,000 after purchasing an additional 396,829 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 172.8% during the 2nd quarter. Clearbridge Investments LLC now owns 3,096,738 shares of the bank’s stock valued at $31,060,000 after purchasing an additional 1,961,553 shares during the period. Finally, American Century Companies Inc. lifted its holdings 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 purchasing an additional 368,660 shares in the last quarter. 2.96% of the stock is owned by institutional investors.

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.