Banco Bilbao Vizcaya Argentaria S.A. Has $4.83 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Banco Bilbao Vizcaya Argentaria S.A. reduced its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 32.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,743 shares of the business services provider's stock after selling 4,771 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in S&P Global were worth $4,829,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SPGI. Nordea Investment Management AB grew its holdings in S&P Global by 52.0% during the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider's stock worth $328,632,000 after acquiring an additional 225,370 shares during the period. Eastern Bank grew its stake in shares of S&P Global by 3.1% in the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider's stock worth $24,980,000 after purchasing an additional 1,530 shares during the last quarter. Wealthfront Advisers LLC raised its holdings in shares of S&P Global by 19.1% in the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock worth $18,799,000 after purchasing an additional 6,051 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in S&P Global during the third quarter valued at approximately $27,170,000. Finally, American Trust lifted its stake in S&P Global by 76.2% during the third quarter. American Trust now owns 2,518 shares of the business services provider's stock valued at $1,301,000 after purchasing an additional 1,089 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Down 0.2 %

NYSE:SPGI traded down $1.14 during mid-day trading on Monday, reaching $478.86. The stock had a trading volume of 1,531,067 shares, compared to its average volume of 1,224,669. The stock has a market cap of $150.29 billion, a P/E ratio of 38.77, a PEG ratio of 2.41 and a beta of 1.26. The business's 50 day moving average is $491.09 and its 200 day moving average is $502.59. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a fifty-two week low of $408.84 and a fifty-two week high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter last year, the business posted $3.13 EPS. As a group, sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a $0.96 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.80%. This is a boost from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is currently 31.09%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SPGI shares. StockNews.com cut S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Bank of America started coverage on S&P Global in a research report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target for the company. BMO Capital Markets upped their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. dropped their target price on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Wells Fargo & Company reduced their price target on shares of S&P Global from $633.00 to $607.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $591.86.

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.