Banco Bilbao Vizcaya Argentaria S.A. Sells 1,533 Shares of S&P Global Inc. $SPGI

Banco Bilbao Vizcaya Argentaria S.A. decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 12.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,375 shares of the business services provider’s stock after selling 1,533 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in S&P Global were worth $5,460,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC boosted its position in S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after buying an additional 143 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of S&P Global by 8.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 46,510 shares of the business services provider’s stock valued at $23,632,000 after acquiring an additional 3,483 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of S&P Global by 193.9% during the first quarter. Larson Financial Group LLC now owns 670 shares of the business services provider’s stock worth $341,000 after purchasing an additional 442 shares during the period. Diversify Advisory Services LLC bought a new stake in shares of S&P Global in the first quarter worth $430,000. Finally, OneAscent Family Office LLC acquired a new stake in S&P Global in the first quarter valued at $216,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Down 1.8%

S&P Global stock opened at $493.97 on Friday. The firm has a market capitalization of $149.58 billion, a price-to-earnings ratio of 38.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. The firm’s fifty day moving average price is $497.60 and its two-hundred day moving average price is $517.08. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $1.87 billion during the quarter. On average, equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is currently 27.93%.

Wall Street Analyst Weigh In

SPGI has been the topic of several recent analyst reports. BMO Capital Markets set a $546.00 price target on S&P Global in a research note on Friday. Stifel Nicolaus dropped their target price on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Wells Fargo & Company raised their price target on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Evercore ISI lifted their price target on shares of S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Finally, Morgan Stanley upped their price objective on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $613.00.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.