BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $140.49 Million Stock Holdings in S&P Global Inc. $SPGI

Key Points

• BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in S&P Global Inc. by 42.7% in Q1, holding 276,565 shares worth approximately $140.49 million.
• Analysts have raised their price targets for S&P Global, with Oppenheimer increasing theirs from $567.00 to $592.00 and Wells Fargo from $632.00 to $660.00, reflecting positive sentiment towards the stock.
• S&P Global recently reported earnings of $4.43 per share, exceeding estimates and representing a 5.8% increase in revenue year-over-year.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 42.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 276,565 shares of the business services provider's stock after buying an additional 82,689 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.09% of S&P Global worth $140,494,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nuveen LLC bought a new position in shares of S&P Global in the 1st quarter worth $1,103,665,000. GAMMA Investing LLC lifted its stake in S&P Global by 60,982.3% in the first quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock valued at $1,086,877,000 after buying an additional 2,135,599 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in S&P Global by 70.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider's stock valued at $826,819,000 after buying an additional 670,392 shares during the period. Northern Trust Corp boosted its holdings in S&P Global by 19.1% during the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after buying an additional 525,347 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of S&P Global during the 4th quarter worth about $238,503,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SPGI shares. Oppenheimer increased their price target 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. Wells Fargo & Company increased their target price on shares of S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. JPMorgan Chase & Co. lifted their price target 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. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Finally, BMO Capital Markets raised their price objective on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Two investment 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $611.69.

S&P Global Stock Performance

Shares of S&P Global stock opened at $556.11 on Monday. The stock's 50-day moving average is $529.89 and its 200-day moving average is $512.46. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The firm has a market cap of $169.78 billion, a price-to-earnings ratio of 42.78, a price-to-earnings-growth ratio of 2.98 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.25. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. The company had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter last year, the company earned $4.04 EPS. S&P Global's revenue for the quarter was up 5.8% compared to the same quarter last year. Equities 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's payout ratio is 29.54%.

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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