Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) Short Interest Update

by · The Markets Daily

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVAGet Free Report) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 1,033,380 shares, a growth of 34.9% from the November 30th total of 766,173 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 1,221,258 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 1,221,258 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Morgan Stanley assumed coverage on shares of Banco Bilbao Viscaya Argentaria in a report on Tuesday, October 21st. They set an “equal weight” rating for the company. Weiss Ratings reiterated a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday. Wall Street Zen raised Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Finally, Zacks Research downgraded Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Read Our Latest Report on BBVA

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position in shares of Banco Bilbao Viscaya Argentaria by 28.0% in the 2nd quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock worth $142,760,000 after purchasing an additional 2,034,318 shares during the period. Goldman Sachs Group Inc. raised its stake in Banco Bilbao Viscaya Argentaria by 10.2% in the first quarter. Goldman Sachs Group Inc. now owns 10,941,273 shares of the bank’s stock worth $149,020,000 after buying an additional 1,014,305 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Banco Bilbao Viscaya Argentaria by 17.1% during the second quarter. Envestnet Asset Management Inc. now owns 4,375,294 shares of the bank’s stock worth $67,247,000 after buying an additional 637,519 shares during the period. American Century Companies Inc. boosted its position in Banco Bilbao Viscaya Argentaria by 23.4% during the 3rd quarter. American Century Companies Inc. now owns 3,248,176 shares of the bank’s stock valued at $62,527,000 after acquiring an additional 615,985 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Banco Bilbao Viscaya Argentaria by 373.4% during the 3rd quarter. Millennium Management LLC now owns 768,243 shares of the bank’s stock valued at $14,789,000 after acquiring an additional 605,947 shares in the last quarter. Hedge funds and other institutional investors own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Trading Up 1.4%

Shares of Banco Bilbao Viscaya Argentaria stock traded up $0.32 on Tuesday, hitting $23.45. 1,346,114 shares of the company traded hands, compared to its average volume of 1,130,946. Banco Bilbao Viscaya Argentaria has a 52 week low of $9.44 and a 52 week high of $23.59. The company has a market cap of $136.88 billion, a PE ratio of 12.28, a PEG ratio of 1.05 and a beta of 0.83. The stock’s 50 day moving average price is $21.49 and its 200-day moving average price is $18.86.

Banco Bilbao Viscaya Argentaria (NYSE:BBVAGet Free Report) last released its quarterly earnings data on Thursday, October 30th. The bank reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. Banco Bilbao Viscaya Argentaria had a return on equity of 17.07% and a net margin of 28.58%.The company had revenue of $10.59 billion for the quarter, compared to the consensus estimate of $10.47 billion. As a group, research analysts anticipate that Banco Bilbao Viscaya Argentaria will post 1.59 EPS for the current fiscal year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, November 24th. Investors of record on Thursday, November 6th were paid a $0.3736 dividend. The ex-dividend date of this dividend was Thursday, November 6th. This represents a yield of 361.0%. Banco Bilbao Viscaya Argentaria’s dividend payout ratio is 31.41%.

About Banco Bilbao Viscaya Argentaria

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Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank traces its roots to several historic regional banks and was formed through a series of mergers that consolidated its position as one of Spain’s largest banking groups. BBVA operates as a universal bank offering a broad range of financial services to retail, corporate and institutional clients.

BBVA’s core businesses include retail and commercial banking, corporate and investment banking, private banking and wealth management, asset management, and insurance.

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