Banco Bilbao Vizcaya Argentaria Sees Unusually Large Options Volume (NYSE:BBVA)

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) was the recipient of unusually large options trading on Wednesday. Stock traders bought 7,144 call options on the company. This is an increase of approximately 15,430% compared to the typical volume of 46 call options.

Banco Bilbao Vizcaya Argentaria Stock Performance

Shares of BBVA opened at $9.81 on Thursday. The stock has a 50-day simple moving average of $10.36 and a 200-day simple moving average of $10.47. The stock has a market capitalization of $57.27 billion, a PE ratio of 6.67, a PEG ratio of 1.10 and a beta of 1.30. Banco Bilbao Vizcaya Argentaria has a 1 year low of $7.76 and a 1 year high of $12.20.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last issued its earnings results on Thursday, August 1st. The bank reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. Banco Bilbao Vizcaya Argentaria had a return on equity of 16.40% and a net margin of 27.55%. The business had revenue of $9.93 billion for the quarter. During the same period last year, the business posted $0.36 EPS. Analysts predict that Banco Bilbao Vizcaya Argentaria will post 1.75 EPS for the current year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Friday, October 25th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.3244 per share. This is a positive change from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. The ex-dividend date is Wednesday, October 9th. This represents a yield of 5.6%. Banco Bilbao Vizcaya Argentaria’s payout ratio is 35.37%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Rothschild Investment LLC purchased a new stake in Banco Bilbao Vizcaya Argentaria during the second quarter worth $40,000. Ashton Thomas Private Wealth LLC purchased a new stake in Banco Bilbao Vizcaya Argentaria during the second quarter worth $43,000. Financial Management Professionals Inc. boosted its position in Banco Bilbao Vizcaya Argentaria by 295.3% during the first quarter. Financial Management Professionals Inc. now owns 4,076 shares of the bank’s stock worth $48,000 after purchasing an additional 3,045 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Banco Bilbao Vizcaya Argentaria by 67.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,924 shares of the bank’s stock worth $49,000 after purchasing an additional 1,990 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in Banco Bilbao Vizcaya Argentaria by 567.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 4,646 shares of the bank’s stock worth $55,000 after purchasing an additional 3,950 shares in the last quarter. Institutional investors and hedge funds own 2.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on BBVA. Citigroup raised Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a report on Friday, August 9th. Royal Bank of Canada upgraded Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

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.