QRG Capital Management Inc. Buys 114,756 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• QRG Capital Management Inc. increased its holdings in Banco Bilbao Viscaya Argentaria S.A. by 13.1%, acquiring an additional 114,756 shares, bringing its total to 988,459 shares valued at $15.19 million.
• Shares of Banco Bilbao Viscaya Argentaria have shown strong performance, recently opening at $19.23, with a market capitalization of $112.23 billion and a PE ratio of 10.12.
• Analyst ratings for Banco Bilbao Viscaya Argentaria include one Strong Buy, two Buy, and one Hold, indicating a generally positive outlook for the stock.

QRG Capital Management Inc. grew its stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 13.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 988,459 shares of the bank's stock after acquiring an additional 114,756 shares during the period. QRG Capital Management Inc.'s holdings in Banco Bilbao Viscaya Argentaria were worth $15,193,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Focus Partners Wealth increased its holdings in Banco Bilbao Viscaya Argentaria by 4.3% during the first quarter. Focus Partners Wealth now owns 17,923 shares of the bank's stock valued at $244,000 after buying an additional 732 shares during the period. Beverly Hills Private Wealth LLC increased its holdings in Banco Bilbao Viscaya Argentaria by 3.5% during the first quarter. Beverly Hills Private Wealth LLC now owns 22,114 shares of the bank's stock valued at $301,000 after buying an additional 740 shares during the period. Manchester Capital Management LLC increased its holdings in Banco Bilbao Viscaya Argentaria by 19.2% during the first quarter. Manchester Capital Management LLC now owns 4,643 shares of the bank's stock valued at $63,000 after buying an additional 748 shares during the period. UMB Bank n.a. increased its holdings in Banco Bilbao Viscaya Argentaria by 12.8% during the second quarter. UMB Bank n.a. now owns 6,574 shares of the bank's stock valued at $101,000 after buying an additional 748 shares during the period. Finally, One Wealth Advisors LLC increased its holdings in Banco Bilbao Viscaya Argentaria by 2.4% during the second quarter. One Wealth Advisors LLC now owns 32,976 shares of the bank's stock valued at $507,000 after buying an additional 758 shares during the period. 2.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BBVA shares. Weiss Ratings reissued a "buy (b)" rating on shares of Banco Bilbao Viscaya Argentaria in a report on Saturday, September 27th. Wall Street Zen lowered shares of Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Barclays raised shares of Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy".

Banco Bilbao Viscaya Argentaria Price Performance

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

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The bank reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.05. The firm had revenue of $10.30 billion for the quarter, compared to analyst estimates 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, equities research analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current year.

Banco Bilbao Viscaya Argentaria Company Profile

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.

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