QRG Capital Management Inc. Increases Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

QRG Capital Management Inc. increased its stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 13.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 988,459 shares of the bank’s stock after buying an additional 114,756 shares during the quarter. QRG Capital Management Inc.’s holdings in Banco Bilbao Viscaya Argentaria were worth $15,193,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its position in Banco Bilbao Viscaya Argentaria by 10.2% during the first quarter. Goldman Sachs Group Inc. now owns 10,941,273 shares of the bank’s stock valued at $149,020,000 after purchasing an additional 1,014,305 shares during the period. Clark Capital Management Group Inc. lifted its position in Banco Bilbao Viscaya Argentaria by 6.6% during the first quarter. Clark Capital Management Group Inc. now owns 5,578,381 shares of the bank’s stock valued at $75,978,000 after purchasing an additional 347,564 shares during the period. American Century Companies Inc. lifted its position in Banco Bilbao Viscaya Argentaria by 6.2% during the first quarter. American Century Companies Inc. now owns 2,364,451 shares of the bank’s stock valued at $32,204,000 after purchasing an additional 137,602 shares during the period. Crossmark Global Holdings Inc. lifted its position in Banco Bilbao Viscaya Argentaria by 5.8% during the first quarter. Crossmark Global Holdings Inc. now owns 1,296,544 shares of the bank’s stock valued at $17,659,000 after purchasing an additional 71,217 shares during the period. Finally, Raymond James Financial Inc. lifted its position in Banco Bilbao Viscaya Argentaria by 17.5% during the first quarter. Raymond James Financial Inc. now owns 886,409 shares of the bank’s stock valued at $12,073,000 after purchasing an additional 131,983 shares during the period. 2.96% of the stock is currently owned by institutional investors and hedge funds.

Banco Bilbao Viscaya Argentaria Stock Performance

Banco Bilbao Viscaya Argentaria stock opened at $19.23 on Friday. The firm has a 50 day simple moving average of $18.42 and a 200-day simple moving average of $15.87. Banco Bilbao Viscaya Argentaria S.A. has a 1-year low of $9.23 and a 1-year high of $19.42. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $112.23 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 1.02 and a beta of 1.19.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its quarterly earnings data on Thursday, July 31st. The bank reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. The firm had revenue of $10.30 billion during the quarter, compared to analysts’ expectations of $10.24 billion. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. On average, analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current year.

Analysts Set New Price Targets

BBVA has been the subject of a number of analyst reports. Barclays upgraded shares of Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a research report on Thursday, August 7th. Wall Street Zen downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

About Banco Bilbao Viscaya 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.