Banco Bilbao Vizcaya Argentaria S.A. Increases Stake in Automatic Data Processing

The Spanish banking group has boosted its holdings in the payroll and HR services provider.

Mar. 17, 2026 at 7:35am

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Banco Bilbao Vizcaya Argentaria S.A. (BBVA), a major Spanish banking group, has increased its stake in Automatic Data Processing, Inc. (ADP) by 47.2% during the third quarter, according to a recent SEC filing. BBVA now owns 16,633 shares of the business services provider's stock, valued at $4.86 million.

Why it matters

This investment move by BBVA, one of Europe's largest banks, signals the company's confidence in ADP's long-term growth potential. As a leading provider of payroll, HR, and other business services, ADP's performance is seen as a bellwether for the broader economy.

The details

According to the SEC filing, BBVA acquired an additional 5,334 shares of ADP during the third quarter, bringing its total holdings to 16,633 shares. This represents a 47.2% increase in BBVA's stake in the company. ADP is a major provider of payroll, human resources, and other business services to companies of all sizes.

  • BBVA increased its stake in ADP during the third quarter of the year.

The players

Banco Bilbao Vizcaya Argentaria S.A. (BBVA)

A major Spanish banking group and one of the largest financial institutions in Europe.

Automatic Data Processing, Inc. (ADP)

A leading provider of payroll, human resources, and other business services to companies worldwide.

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The takeaway

BBVA's increased investment in ADP underscores the Spanish bank's confidence in the business services provider's long-term growth prospects, which could signal broader optimism about the economic recovery and the performance of major U.S. companies.