Banco Bilbao Vizcaya Argentaria S.A. Boosts Stake in S&P Global Inc. $SPGI

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in S&P Global Inc. by 22.2% in the first quarter, owning 11,908 shares valued at approximately $6 million.
• S&P Global reported a quarterly earnings per share (EPS) of $4.43, exceeding analyst expectations, while revenue rose 5.8% year-over-year to $3.76 billion.
• The company announced a quarterly dividend of $0.96 per share, reflecting an annualized dividend yield of 0.7% and a payout ratio of 29.54%.

Banco Bilbao Vizcaya Argentaria S.A. raised its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 22.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,908 shares of the business services provider's stock after buying an additional 2,165 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in S&P Global were worth $6,036,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPGI. Minot DeBlois Advisors LLC purchased a new stake in S&P Global in the 4th quarter valued at about $25,000. Cheviot Value Management LLC purchased a new stake in S&P Global in the 1st quarter valued at about $26,000. Costello Asset Management INC purchased a new stake in S&P Global in the 1st quarter valued at about $26,000. Anderson Financial Strategies LLC purchased a new stake in S&P Global in the 4th quarter valued at about $27,000. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in S&P Global in the 1st quarter valued at about $28,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Up 0.6%

SPGI opened at $557.8680 on Thursday. The company has a 50 day moving average of $532.27 and a 200 day moving average of $513.26. The company has a market cap of $170.32 billion, a PE ratio of 42.91, a price-to-earnings-growth ratio of 2.97 and a beta of 1.19. S&P Global Inc. has a 12 month low of $427.14 and a 12 month 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 - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping the consensus estimate of $4.18 by $0.25. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. S&P Global's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 annualized dividend and a yield of 0.7%. S&P Global's dividend payout ratio (DPR) is 29.54%.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of research reports. BMO Capital Markets increased their target price on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Robert W. Baird reduced their target price on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Wells Fargo & Company increased their target price on shares of S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. increased their target price on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Finally, Oppenheimer increased their target price on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $611.69.

S&P Global 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.

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