Short Interest in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) Grows By 50.1%

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 1,345,679 shares, a growth of 50.1% from the July 15th total of 896,707 shares. Based on an average daily trading volume, of 1,334,647 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its position in Banco Bilbao Viscaya Argentaria by 28.0% in 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 acquiring an additional 2,034,318 shares during the period. Barclays PLC lifted its holdings in shares of Banco Bilbao Viscaya Argentaria by 1,819.7% during the fourth quarter. Barclays PLC now owns 3,616,734 shares of the bank’s stock valued at $84,306,000 after acquiring an additional 3,428,336 shares during the period. Royal Bank of Canada boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 42.1% in the 4th quarter. Royal Bank of Canada now owns 1,481,671 shares of the bank’s stock valued at $34,539,000 after purchasing an additional 439,098 shares in the last quarter. Quantinno Capital Management LP grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 23.3% in the 1st quarter. Quantinno Capital Management LP now owns 1,223,071 shares of the bank’s stock worth $26,492,000 after purchasing an additional 231,330 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 36.8% in the 2nd quarter. Raymond James Financial Inc. now owns 1,212,776 shares of the bank’s stock worth $18,640,000 after purchasing an additional 326,367 shares during the last quarter. Institutional investors own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Stock Performance

NYSE BBVA traded down $0.04 during midday trading on Tuesday, hitting $28.76. The company had a trading volume of 528,089 shares, compared to its average volume of 1,860,940. The firm has a fifty day simple moving average of $25.84 and a two-hundred day simple moving average of $23.71. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.77. The stock has a market cap of $164.21 billion, a price-to-earnings ratio of 13.08, a P/E/G ratio of 0.77 and a beta of 0.80. Banco Bilbao Viscaya Argentaria has a fifty-two week low of $17.77 and a fifty-two week high of $29.11.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its quarterly earnings data on Tuesday, June 30th. The bank reported $0.62 earnings per share (EPS) for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 27.75% and a return on equity of 18.05%. The company had revenue of $11.99 billion during the quarter. Equities analysts forecast that Banco Bilbao Viscaya Argentaria will post 2.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on BBVA shares. Wall Street Zen upgraded Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Friday, July 31st. UBS Group reissued a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, April 20th. Keefe, Bruyette & Woods downgraded shares of Banco Bilbao Viscaya Argentaria from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Finally, Bank of America lowered shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria Company Profile

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.