QRG Capital Management Inc. Acquires 35,339 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

QRG Capital Management Inc. increased its holdings in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 6.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 571,804 shares of the bank’s stock after buying an additional 35,339 shares during the quarter. QRG Capital Management Inc.’s holdings in Banco Bilbao Viscaya Argentaria were worth $13,329,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of BBVA. Bank of America Corp DE lifted its holdings in Banco Bilbao Viscaya Argentaria by 28.0% during the second quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock worth $142,760,000 after acquiring an additional 2,034,318 shares during the period. American Century Companies Inc. lifted its holdings in Banco Bilbao Viscaya Argentaria by 23.4% during the third quarter. American Century Companies Inc. now owns 3,248,176 shares of the bank’s stock worth $62,527,000 after acquiring an additional 615,985 shares during the period. Millennium Management LLC lifted its holdings in Banco Bilbao Viscaya Argentaria by 373.4% during the third quarter. Millennium Management LLC now owns 768,243 shares of the bank’s stock worth $14,789,000 after acquiring an additional 605,947 shares during the period. BNP Paribas Financial Markets lifted its holdings in Banco Bilbao Viscaya Argentaria by 53.2% during the third quarter. BNP Paribas Financial Markets now owns 1,089,572 shares of the bank’s stock worth $20,974,000 after acquiring an additional 378,554 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in Banco Bilbao Viscaya Argentaria by 36.8% during the second quarter. Raymond James Financial Inc. now owns 1,212,776 shares of the bank’s stock worth $18,640,000 after acquiring an additional 326,367 shares during the period. 2.96% of the stock is currently owned by institutional investors.

Banco Bilbao Viscaya Argentaria Price Performance

Shares of BBVA opened at $21.36 on Wednesday. The firm has a market cap of $121.96 billion, a PE ratio of 10.17, a PEG ratio of 0.54 and a beta of 0.81. The stock’s fifty day moving average price is $22.01 and its two-hundred day moving average price is $22.36. Banco Bilbao Viscaya Argentaria S.A. has a 1 year low of $14.07 and a 1 year high of $26.20.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its earnings results on Tuesday, March 31st. The bank reported $0.59 earnings per share (EPS) for the quarter. The firm 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%. Sell-side analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 2.26 earnings per share for the current fiscal year.

Banco Bilbao Viscaya Argentaria Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wall Street Zen upgraded Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Barclays lowered Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Weiss Ratings lowered Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday. UBS Group restated a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, April 20th. Finally, Zacks Research lowered Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold”.

Banco Bilbao Viscaya Argentaria Company 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.