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

Key Points

• Banco Bilbao Viscaya Argentaria S.A. experienced a significant 27.5% drop in short interest from August 15 to August 31, with current short interest totaling 840,500 shares.
• Several institutional investors, including Goldman Sachs and Bank of America, have increased their stakes in BBVA, which suggests growing confidence in the bank's outlook.
• Analysts have varied opinions on BBVA, with ratings including one Strong Buy, one Buy, and one Hold, indicating a generally positive sentiment despite some downgrades.

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 840,500 shares, a drop of 27.5% from the August 15th total of 1,160,000 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 2,120,000 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 2,120,000 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in Banco Bilbao Viscaya Argentaria by 10.2% during 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 during the period. Bank of America Corp DE boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 28.0% during the second quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank's stock valued at $142,760,000 after purchasing an additional 2,034,318 shares during the period. Clark Capital Management Group Inc. boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 6.6% during the first quarter. Clark Capital Management Group Inc. now owns 5,578,381 shares of the bank's stock valued at $75,978,000 after purchasing an additional 347,564 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 11.4% during the second quarter. JPMorgan Chase & Co. now owns 4,548,398 shares of the bank's stock valued at $69,909,000 after purchasing an additional 467,226 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of 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 valued at $67,247,000 after purchasing an additional 637,519 shares during the period. 2.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on BBVA shares. Wall Street Zen downgraded shares of Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Barclays raised shares of Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy".

Banco Bilbao Viscaya Argentaria Price Performance

Shares of NYSE:BBVA opened at $19.19 on Tuesday. The company has a market capitalization of $112.03 billion, a P/E ratio of 10.10, a P/E/G ratio of 1.01 and a beta of 1.20. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01. Banco Bilbao Viscaya Argentaria has a 1-year low of $9.23 and a 1-year high of $19.39. The firm's 50 day simple moving average is $17.32 and its two-hundred day simple moving average is $15.38.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The bank reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.05. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. The company had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.24 billion. Research analysts expect that Banco Bilbao Viscaya Argentaria will post 1.59 EPS for the current fiscal year.

Banco Bilbao Viscaya 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.

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