QRG Capital Management Inc. Has $10.33 Million Holdings in Banco Bilbao Viscaya Argentaria S.A. $BBVA

QRG Capital Management Inc. lowered its stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 45.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 536,465 shares of the bank’s stock after selling 451,994 shares during the period. QRG Capital Management Inc.’s holdings in Banco Bilbao Viscaya Argentaria were worth $10,327,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Evergreen Capital Management LLC lifted its position in shares of Banco Bilbao Viscaya Argentaria by 50.4% in the 3rd quarter. Evergreen Capital Management LLC now owns 79,135 shares of the bank’s stock worth $1,523,000 after acquiring an additional 26,508 shares during the period. Leavell Investment Management Inc. raised its stake in shares of Banco Bilbao Viscaya Argentaria by 1.1% in the third quarter. Leavell Investment Management Inc. now owns 57,005 shares of the bank’s stock valued at $1,097,000 after purchasing an additional 605 shares in the last quarter. Richardson Financial Services Inc. lifted its position in Banco Bilbao Viscaya Argentaria by 63.1% in the third quarter. Richardson Financial Services Inc. now owns 5,042 shares of the bank’s stock worth $97,000 after purchasing an additional 1,950 shares during the period. Klein Pavlis & Peasley Financial Inc. bought a new stake in Banco Bilbao Viscaya Argentaria in the 3rd quarter valued at $1,173,000. Finally, Concurrent Investment Advisors LLC increased its holdings in Banco Bilbao Viscaya Argentaria by 9.0% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 16,636 shares of the bank’s stock valued at $320,000 after buying an additional 1,368 shares during the period. 2.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BBVA has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, December 29th. Morgan Stanley started coverage on Banco Bilbao Viscaya Argentaria in a research report on Tuesday, October 21st. They set an “equal weight” rating for the company. Wall Street Zen cut Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Zacks Research cut Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of BBVA opened at $24.38 on Friday. The company has a market cap of $140.51 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 0.97 and a beta of 0.82. The stock has a fifty day moving average price of $22.48 and a two-hundred day moving average price of $19.63. Banco Bilbao Viscaya Argentaria S.A. has a 52-week low of $10.60 and a 52-week high of $24.82.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its earnings results on Thursday, October 30th. The bank reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Banco Bilbao Viscaya Argentaria had a return on equity of 17.07% and a net margin of 28.58%.The company had revenue of $10.59 billion during the quarter, compared to analyst estimates of $10.47 billion. As a group, research analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Banco Bilbao Viscaya Argentaria 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.