QRG Capital Management Inc. Sells 32,542 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

QRG Capital Management Inc. decreased its stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 5.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 539,262 shares of the bank’s stock after selling 32,542 shares during the period. QRG Capital Management Inc.’s holdings in Banco Bilbao Viscaya Argentaria were worth $11,680,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. HB Wealth Management LLC raised its stake in Banco Bilbao Viscaya Argentaria by 19.0% during the 1st quarter. HB Wealth Management LLC now owns 37,564 shares of the bank’s stock valued at $814,000 after purchasing an additional 6,008 shares during the last quarter. Private Advisor Group LLC grew its position in Banco Bilbao Viscaya Argentaria by 29.6% in the 1st quarter. Private Advisor Group LLC now owns 28,943 shares of the bank’s stock worth $627,000 after purchasing an additional 6,615 shares during the last quarter. Keybank National Association OH grew its position in Banco Bilbao Viscaya Argentaria by 16.9% in the 1st quarter. Keybank National Association OH now owns 144,836 shares of the bank’s stock worth $3,137,000 after purchasing an additional 20,966 shares during the last quarter. SageGuard Financial Group LLC increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 39.0% during the 1st quarter. SageGuard Financial Group LLC now owns 13,254 shares of the bank’s stock worth $287,000 after purchasing an additional 3,721 shares during the period. Finally, Venturi Wealth Management LLC increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 10.9% during the 1st quarter. Venturi Wealth Management LLC now owns 53,919 shares of the bank’s stock worth $1,168,000 after purchasing an additional 5,286 shares during the period. Institutional investors own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of Banco Bilbao Viscaya Argentaria stock opened at $25.56 on Friday. The firm’s 50-day simple moving average is $23.05 and its 200-day simple moving average is $23.07. Banco Bilbao Viscaya Argentaria S.A. has a twelve month low of $14.63 and a twelve month high of $26.20. The firm has a market cap of $145.94 billion, a P/E ratio of 12.17, a price-to-earnings-growth ratio of 0.64 and a beta of 0.80.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its quarterly 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 during the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 28.21% and a return on equity of 17.65%. On average, equities analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 2.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Zacks Research cut shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. UBS Group restated a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, April 20th. Wall Street Zen cut Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Barclays lowered Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Finally, Weiss Ratings cut Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

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.