QRG Capital Management Inc. Buys 70,207 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• QRG Capital Management increased its BBVA stake by 13% in the second quarter, purchasing 70,207 additional shares and bringing its total holdings to 609,469 shares valued at approximately $15.3 million.
• BBVA shares were trading at $28.11, down 2%, with a market capitalization of $156.9 billion. The bank reported quarterly earnings of $0.62 per share on $11.99 billion in revenue and posted a 27.75% net margin.
• Analyst sentiment remains cautious: BBVA has a consensus rating of “Hold,” with one Buy rating and seven Hold ratings after several firms recently downgraded the stock.

QRG Capital Management Inc. lifted its stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 13.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 609,469 shares of the bank's stock after acquiring an additional 70,207 shares during the period. QRG Capital Management Inc.'s holdings in Banco Bilbao Viscaya Argentaria were worth $15,273,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BBVA. Greenspring Advisors LLC boosted its position in shares of Banco Bilbao Viscaya Argentaria by 3.3% during the 2nd quarter. Greenspring Advisors LLC now owns 11,065 shares of the bank's stock valued at $277,000 after acquiring an additional 351 shares in the last quarter. Root Financial Partners LLC grew its stake in shares of Banco Bilbao Viscaya Argentaria by 59.6% in the 4th quarter. Root Financial Partners LLC now owns 1,141 shares of the bank's stock valued at $27,000 after purchasing an additional 426 shares during the period. Greenleaf Trust grew its stake in shares of Banco Bilbao Viscaya Argentaria by 3.6% in the 2nd quarter. Greenleaf Trust now owns 12,315 shares of the bank's stock valued at $309,000 after purchasing an additional 432 shares during the period. Waverly Advisors LLC raised its holdings in shares of Banco Bilbao Viscaya Argentaria by 2.4% in the 2nd quarter. Waverly Advisors LLC now owns 22,601 shares of the bank's stock worth $566,000 after buying an additional 525 shares in the last quarter. Finally, Harbour Investments Inc. lifted its position in shares of Banco Bilbao Viscaya Argentaria by 84.1% during the 4th quarter. Harbour Investments Inc. now owns 1,259 shares of the bank's stock worth $29,000 after buying an additional 575 shares during the period. Institutional investors own 2.96% of the company's stock.

Banco Bilbao Viscaya Argentaria Stock Down 2.0%

Shares of NYSE:BBVA opened at $28.11 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.77. The firm has a market cap of $156.87 billion, a P/E ratio of 12.78, a P/E/G ratio of 0.76 and a beta of 0.80. Banco Bilbao Viscaya Argentaria S.A. has a 12 month low of $17.90 and a 12 month high of $29.64. The company's 50-day moving average price is $28.13 and its two-hundred day moving average price is $24.70.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The bank reported $0.62 earnings per share for the quarter. The business had revenue of $11.99 billion during the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 27.75% and a return on equity of 18.05%. As a group, research analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 2.42 EPS for the current fiscal year.

Analyst Ratings Changes

BBVA has been the topic of a number of analyst reports. Bank of America cut Banco Bilbao Viscaya Argentaria from a "buy" rating to a "neutral" rating in a research report on Wednesday, July 15th. Weiss Ratings reiterated a "buy (b)" rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Friday, July 31st. Keefe, Bruyette & Woods lowered shares of Banco Bilbao Viscaya Argentaria from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, August 12th. Finally, Wall Street Zen raised shares of Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Banco Bilbao Viscaya Argentaria currently has a consensus rating of "Hold".

About Banco Bilbao Viscaya Argentaria

Banco Bilbao Vizcaya Argentaria, SA NYSE: BBVA is a global financial services group headquartered in Bilbao, Spain. The bank provides retail and commercial banking, corporate and investment banking, asset management, private banking, payments and insurance-related services to individuals, businesses, institutions and public-sector customers.

BBVA traces its origins to Banco de Bilbao, founded in 1857. The modern group was formed through the merger of Banco Bilbao Vizcaya and Argentaria in 1999.

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