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

QRG Capital Management Inc. cut its holdings in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 45.7% during the third quarter, HoldingsChannel.com reports. The firm owned 536,465 shares of the bank’s stock after selling 451,994 shares during the quarter. QRG Capital Management Inc.’s holdings in Banco Bilbao Viscaya Argentaria were worth $10,327,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of BBVA. Evergreen Capital Management LLC lifted its holdings in Banco Bilbao Viscaya Argentaria by 50.4% in the third quarter. Evergreen Capital Management LLC now owns 79,135 shares of the bank’s stock valued at $1,523,000 after buying an additional 26,508 shares during the period. Leavell Investment Management Inc. raised its position in shares of Banco Bilbao Viscaya Argentaria by 1.1% in the 3rd quarter. Leavell Investment Management Inc. now owns 57,005 shares of the bank’s stock valued at $1,097,000 after acquiring an additional 605 shares during the period. Richardson Financial Services Inc. grew its holdings in Banco Bilbao Viscaya Argentaria by 63.1% during the third quarter. Richardson Financial Services Inc. now owns 5,042 shares of the bank’s stock valued at $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 third quarter valued at approximately $1,173,000. Finally, Concurrent Investment Advisors LLC increased its stake in Banco Bilbao Viscaya Argentaria by 9.0% in the third quarter. Concurrent Investment Advisors LLC now owns 16,636 shares of the bank’s stock valued at $320,000 after purchasing an additional 1,368 shares in the last quarter. 2.96% of the stock is owned by institutional investors.

Banco Bilbao Viscaya Argentaria Stock Performance

NYSE BBVA opened at $24.38 on Friday. The stock has a market capitalization 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’s 50 day moving average price is $22.48 and its two-hundred day moving average price is $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 issued its quarterly earnings results on Thursday, October 30th. The bank reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. Banco Bilbao Viscaya Argentaria had a net margin of 28.58% and a return on equity of 17.07%. The company had revenue of $10.59 billion during the quarter, compared to analysts’ expectations of $10.47 billion. On average, equities research analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current year.

Analyst Ratings Changes

BBVA has been the topic of several research analyst reports. Wall Street Zen downgraded Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, December 29th. Morgan Stanley assumed coverage on Banco Bilbao Viscaya Argentaria in a research note on Tuesday, October 21st. They set an “equal weight” rating for the company. Finally, Zacks Research lowered shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Banco Bilbao Viscaya Argentaria has a consensus rating of “Moderate Buy”.

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.