QRG Capital Management Inc. Has $11.68 Million Holdings in Banco Bilbao Viscaya Argentaria S.A. $BBVA

QRG Capital Management Inc. cut its position in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 5.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 539,262 shares of the bank’s stock after selling 32,542 shares during the period. QRG Capital Management Inc.’s holdings in Banco Bilbao Viscaya Argentaria were worth $11,680,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. HB Wealth Management LLC raised its position in Banco Bilbao Viscaya Argentaria by 19.0% during the first quarter. HB Wealth Management LLC now owns 37,564 shares of the bank’s stock valued at $814,000 after acquiring an additional 6,008 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Banco Bilbao Viscaya Argentaria by 29.6% during the 1st quarter. Private Advisor Group LLC now owns 28,943 shares of the bank’s stock worth $627,000 after purchasing an additional 6,615 shares during the last quarter. Keybank National Association OH increased its stake in shares of Banco Bilbao Viscaya Argentaria by 16.9% during the 1st quarter. Keybank National Association OH now owns 144,836 shares of the bank’s stock worth $3,137,000 after purchasing an additional 20,966 shares during the last quarter. SageGuard Financial Group LLC raised its holdings in shares of Banco Bilbao Viscaya Argentaria by 39.0% during the 1st quarter. SageGuard Financial Group LLC now owns 13,254 shares of the bank’s stock valued at $287,000 after purchasing an additional 3,721 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Banco Bilbao Viscaya Argentaria by 10.9% during the 1st quarter. Venturi Wealth Management LLC now owns 53,919 shares of the bank’s stock valued at $1,168,000 after purchasing an additional 5,286 shares in the last quarter. 2.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BBVA. Wall Street Zen cut shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. UBS Group restated a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Monday, April 20th. Weiss Ratings cut Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Barclays downgraded Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Finally, Zacks Research downgraded Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria Trading Down 0.1%

NYSE:BBVA opened at $25.56 on Friday. The firm has a market capitalization of $145.94 billion, a PE ratio of 12.17, a PEG ratio of 0.64 and a beta of 0.80. Banco Bilbao Viscaya Argentaria S.A. has a 1 year low of $14.63 and a 1 year high of $26.20. The firm’s fifty day simple moving average is $23.05 and its 200 day simple moving average is $23.07.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its earnings results on Tuesday, March 31st. The bank reported $0.59 earnings per share for the quarter. The firm had revenue of $12.33 billion during the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 28.21% and a return on equity of 17.65%. As a group, analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 2.38 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.