QRG Capital Management Inc. Has $11.90 Million Stock Position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)

QRG Capital Management Inc. decreased its holdings in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 16.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 873,703 shares of the bank's stock after selling 169,351 shares during the quarter. QRG Capital Management Inc.'s holdings in Banco Bilbao Viscaya Argentaria were worth $11,900,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of BBVA. Huntington National Bank boosted its stake in Banco Bilbao Viscaya Argentaria by 96.7% during the 4th quarter. Huntington National Bank now owns 3,616 shares of the bank's stock valued at $35,000 after purchasing an additional 1,778 shares during the period. Sierra Ocean LLC bought a new stake in Banco Bilbao Viscaya Argentaria during the 4th quarter valued at approximately $49,000. IFP Advisors Inc boosted its stake in Banco Bilbao Viscaya Argentaria by 20.7% during the 4th quarter. IFP Advisors Inc now owns 5,420 shares of the bank's stock valued at $53,000 after purchasing an additional 930 shares during the period. Quinn Opportunity Partners LLC bought a new stake in Banco Bilbao Viscaya Argentaria during the 4th quarter valued at approximately $97,000. Finally, Venturi Wealth Management LLC boosted its stake in Banco Bilbao Viscaya Argentaria by 901.1% during the 4th quarter. Venturi Wealth Management LLC now owns 10,061 shares of the bank's stock valued at $98,000 after purchasing an additional 9,056 shares during the period. Hedge funds and other institutional investors own 2.96% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on BBVA. Wall Street Zen cut Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Kepler Capital Markets raised Banco Bilbao Viscaya Argentaria from a "reduce" rating to a "hold" rating in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy".

Banco Bilbao Viscaya Argentaria Price Performance

Shares of BBVA stock traded up $0.20 during trading hours on Wednesday, reaching $15.06. The company had a trading volume of 1,386,873 shares, compared to its average volume of 1,894,846. The company has a 50 day moving average of $14.48 and a 200 day moving average of $12.72. The firm has a market cap of $87.89 billion, a price-to-earnings ratio of 7.97, a P/E/G ratio of 1.54 and a beta of 1.08. Banco Bilbao Viscaya Argentaria S.A. has a 1-year low of $9.23 and a 1-year high of $15.67.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The bank reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. Banco Bilbao Viscaya Argentaria had a return on equity of 17.97% and a net margin of 28.85%. The firm had revenue of $10.61 billion for the quarter, compared to the consensus estimate of $9.12 billion. As a group, sell-side analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Banco Bilbao Viscaya Argentaria Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, April 25th. Investors of record on Wednesday, April 9th were issued a dividend of $0.4439 per share. The ex-dividend date was Wednesday, April 9th. This represents a yield of 4.3%. This is a boost from Banco Bilbao Viscaya Argentaria's previous semi-annual dividend of $0.11. Banco Bilbao Viscaya Argentaria's dividend payout ratio (DPR) is presently 39.15%.

About Banco Bilbao Viscaya Argentaria

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.