Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Sees Unusually-High Trading Volume - Here's What Happened

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA - Get Free Report) shares saw strong trading volume on Tuesday . 4,121,809 shares were traded during trading, an increase of 128% from the previous session's volume of 1,805,219 shares.The stock last traded at $15.12 and had previously closed at $15.10.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Kepler Capital Markets raised shares of Banco Bilbao Vizcaya Argentaria from a "reduce" rating to a "hold" rating in a report on Thursday, February 27th. Wall Street Zen cut shares of Banco Bilbao Vizcaya Argentaria from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Two equities research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy".

Banco Bilbao Vizcaya Argentaria Stock Down 1.7%

The company has a debt-to-equity ratio of 1.16, a current ratio of 1.01 and a quick ratio of 0.27. The stock's fifty day simple moving average is $14.36 and its two-hundred day simple moving average is $12.61. The company has a market capitalization of $87.90 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 0.80 and a beta of 1.08.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The bank reported $0.47 earnings per share for the quarter, hitting analysts' consensus estimates of $0.47. Banco Bilbao Vizcaya Argentaria had a net margin of 28.10% and a return on equity of 17.49%. The business had revenue of $10.61 billion for the quarter, compared to analysts' expectations of $9.12 billion. On average, sell-side analysts predict that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 earnings per share for the current fiscal year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, April 25th. Investors of record on Wednesday, April 9th were issued a $0.4439 dividend. This represents a dividend yield of 4.3%. The ex-dividend date of this dividend was Wednesday, April 9th. This is a boost from Banco Bilbao Vizcaya Argentaria's previous semi-annual dividend of $0.11. Banco Bilbao Vizcaya Argentaria's dividend payout ratio (DPR) is 39.15%.

Institutional Trading of Banco Bilbao Vizcaya Argentaria

A number of large investors have recently modified their holdings of the company. Focus Partners Wealth increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 4.3% in the 1st quarter. Focus Partners Wealth now owns 17,923 shares of the bank's stock worth $244,000 after acquiring an additional 732 shares during the period. Beverly Hills Private Wealth LLC raised its position in shares of Banco Bilbao Vizcaya Argentaria by 3.5% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 22,114 shares of the bank's stock worth $301,000 after buying an additional 740 shares in the last quarter. Manchester Capital Management LLC lifted its stake in shares of Banco Bilbao Vizcaya Argentaria by 19.2% in the 1st quarter. Manchester Capital Management LLC now owns 4,643 shares of the bank's stock worth $63,000 after acquiring an additional 748 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 25.3% in the first quarter. Bessemer Group Inc. now owns 3,901 shares of the bank's stock valued at $53,000 after acquiring an additional 787 shares in the last quarter. Finally, HighPoint Advisor Group LLC boosted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 4.3% in the fourth quarter. HighPoint Advisor Group LLC now owns 20,975 shares of the bank's stock valued at $204,000 after acquiring an additional 862 shares in the last quarter. Institutional investors and hedge funds own 2.96% of the company's stock.

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.