119,817 Shares in S&P Global Inc. (NYSE:SPGI) Acquired by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. purchased 119,817 shares of S&P Global Inc. for approximately $60.88 million, making it the 18th largest position in its portfolio.
• S&P Global's stock is favored among analysts, with thirteen buy ratings, a consensus rating of "Moderate Buy," and a target price of around $611.69.
• The company recently announced a quarterly dividend of $0.96 per share, representing an annualized yield of 0.7%.

ASR Vermogensbeheer N.V. purchased a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 119,817 shares of the business services provider's stock, valued at approximately $60,881,000. S&P Global makes up approximately 0.9% of ASR Vermogensbeheer N.V.'s investment portfolio, making the stock its 18th largest position.

Several other large investors have also recently added to or reduced their stakes in SPGI. Brighton Jones LLC raised its holdings in S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock worth $1,582,000 after purchasing an additional 143 shares in the last quarter. Bank Pictet & Cie Europe AG grew its position in S&P Global by 3.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock worth $37,093,000 after buying an additional 2,413 shares during the period. GHE LLC grew its position in S&P Global by 2.1% during the fourth quarter. GHE LLC now owns 13,504 shares of the business services provider's stock worth $6,725,000 after buying an additional 274 shares during the period. Bank of Nova Scotia grew its position in S&P Global by 129.7% during the fourth quarter. Bank of Nova Scotia now owns 235,560 shares of the business services provider's stock worth $117,347,000 after buying an additional 133,018 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in S&P Global during the fourth quarter worth about $52,902,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. UBS Group upped their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Stifel Nicolaus lowered their target price on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. BMO Capital Markets upped their target price on shares of S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Bank of America assumed coverage on shares of S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their target price on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $611.69.

S&P Global Price Performance

Shares of SPGI stock traded down $2.14 during trading hours on Friday, hitting $556.99. The company's stock had a trading volume of 820,714 shares, compared to its average volume of 1,181,274. The business has a fifty day moving average of $524.54 and a 200-day moving average of $510.73. The stock has a market cap of $170.05 billion, a price-to-earnings ratio of 33.97, a P/E/G ratio of 2.99 and a beta of 1.19. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $566.42. The company has a current ratio of 0.98, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating the consensus estimate of $4.18 by $0.25. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $4.04 earnings per share. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

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

About S&P Global

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.