Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) Sees Significant Drop in Short Interest

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 1,619,504 shares, a decline of 32.8% from the January 15th total of 2,411,115 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 1,605,955 shares, the days-to-cover ratio is currently 1.0 days. Based on an average trading volume of 1,605,955 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Several equities analysts have commented on BBVA shares. Morgan Stanley assumed coverage on Banco Bilbao Viscaya Argentaria in a research report on Tuesday, October 21st. They set an “equal weight” rating for the company. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, December 29th. Zacks Research upgraded Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. Wall Street Zen downgraded Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Royal Bank Of Canada lowered shares of Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of BBVA traded down $0.64 during mid-day trading on Friday, hitting $22.69. 8,819,740 shares of the company traded hands, compared to its average volume of 1,972,231. The stock has a market cap of $130.76 billion, a price-to-earnings ratio of 11.52, a P/E/G ratio of 0.81 and a beta of 0.80. The stock has a 50-day moving average price of $23.87 and a two-hundred day moving average price of $20.92. Banco Bilbao Viscaya Argentaria has a 1 year low of $11.59 and a 1 year high of $26.20. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.98 and a current ratio of 1.13.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its earnings results on Thursday, February 5th. The bank reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. Banco Bilbao Viscaya Argentaria had a net margin of 28.43% and a return on equity of 17.29%. Equities analysts anticipate that Banco Bilbao Viscaya Argentaria will post 1.59 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its position 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 worth $142,760,000 after purchasing an additional 2,034,318 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Banco Bilbao Viscaya Argentaria by 17.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,375,294 shares of the bank’s stock valued at $67,247,000 after buying an additional 637,519 shares in the last quarter. American Century Companies Inc. increased its holdings in Banco Bilbao Viscaya Argentaria by 23.4% in 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 during the last quarter. Millennium Management LLC boosted its holdings in shares of 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 purchasing an additional 605,947 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position 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 in the last quarter. 2.96% of the stock is currently owned by institutional investors.

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.