Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Shares Gap Down – What’s Next?

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) gapped down prior to trading on Thursday . The stock had previously closed at $9.72, but opened at $9.45. Banco Bilbao Vizcaya Argentaria shares last traded at $9.46, with a volume of 250,771 shares.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Banco Bilbao Vizcaya Argentaria currently has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Down 2.1 %

The stock has a market cap of $55.58 billion, a P/E ratio of 5.47, a P/E/G ratio of 0.98 and a beta of 1.28. The company has a 50-day simple moving average of $9.78 and a two-hundred day simple moving average of $10.12.

Institutional Investors Weigh In On Banco Bilbao Vizcaya Argentaria

Several institutional investors and hedge funds have recently bought and sold shares of the business. Clearbridge Investments LLC lifted its position in Banco Bilbao Vizcaya Argentaria by 172.8% in the 2nd quarter. Clearbridge Investments LLC now owns 3,096,738 shares of the bank’s stock valued at $31,060,000 after acquiring an additional 1,961,553 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 11,103,927 shares of the bank’s stock worth $111,371,000 after purchasing an additional 619,836 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Banco Bilbao Vizcaya Argentaria by 9.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,412,058 shares of the bank’s stock worth $44,253,000 after buying an additional 396,829 shares in the last quarter. Raymond James & Associates grew its position in Banco Bilbao Vizcaya Argentaria by 91.0% in the third quarter. Raymond James & Associates now owns 776,389 shares of the bank’s stock worth $8,416,000 after acquiring an additional 369,971 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Banco Bilbao Vizcaya Argentaria by 24.2% during the second quarter. American Century Companies Inc. now owns 1,890,079 shares of the bank’s stock valued at $18,957,000 after purchasing an additional 368,660 shares during the period. Hedge funds and other institutional investors 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.