QRG Capital Management Inc. Has $13.33 Million Holdings in Banco Bilbao Viscaya Argentaria S.A. $BBVA

QRG Capital Management Inc. raised its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 6.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 571,804 shares of the bank’s stock after acquiring an additional 35,339 shares during the period. QRG Capital Management Inc.’s holdings in Banco Bilbao Viscaya Argentaria were worth $13,329,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Savvy Advisors Inc. grew its stake in Banco Bilbao Viscaya Argentaria by 2.9% in the fourth quarter. Savvy Advisors Inc. now owns 15,062 shares of the bank’s stock valued at $351,000 after acquiring an additional 418 shares during the period. Seeds Investor LLC grew its stake in Banco Bilbao Viscaya Argentaria by 3.0% in the fourth quarter. Seeds Investor LLC now owns 15,003 shares of the bank’s stock valued at $350,000 after acquiring an additional 439 shares during the period. TD Waterhouse Canada Inc. grew its stake in Banco Bilbao Viscaya Argentaria by 50.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,304 shares of the bank’s stock valued at $30,000 after acquiring an additional 440 shares during the period. Nisa Investment Advisors LLC grew its stake in Banco Bilbao Viscaya Argentaria by 45.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,456 shares of the bank’s stock valued at $34,000 after acquiring an additional 456 shares during the period. Finally, Diversified Trust Co. grew its stake in Banco Bilbao Viscaya Argentaria by 3.4% in the fourth quarter. Diversified Trust Co. now owns 14,168 shares of the bank’s stock valued at $330,000 after acquiring an additional 463 shares during the period. Institutional investors and hedge funds own 2.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on BBVA shares. Zacks Research cut Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. UBS Group reissued a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, April 20th. Barclays cut Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Royal Bank Of Canada cut Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings cut Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria Stock Up 2.6%

Shares of NYSE:BBVA opened at $21.36 on Wednesday. The stock has a market cap of $121.96 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 0.54 and a beta of 0.81. Banco Bilbao Viscaya Argentaria S.A. has a 12-month low of $14.07 and a 12-month high of $26.20. The business’s 50 day moving average is $22.01 and its 200 day moving average is $22.36.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its earnings results on Tuesday, March 31st. The bank reported $0.59 earnings per share (EPS) for the quarter. The company had revenue of $12.33 billion for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 17.69% and a net margin of 28.21%. As a group, equities research analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 2.26 earnings per share for the current year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, April 27th. Investors of record on Thursday, April 9th were issued a dividend of $0.7084 per share. This represents a yield of 626.0%. The ex-dividend date was Thursday, April 9th. Banco Bilbao Viscaya Argentaria’s dividend payout ratio (DPR) is 54.29%.

About Banco Bilbao Viscaya Argentaria

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.