Carmignac Gestion Has $170.85 Million Holdings in S&P Global Inc. $SPGI

Key Points

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Carmignac Gestion lessened its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 30.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 336,311 shares of the business services provider's stock after selling 148,949 shares during the quarter. S&P Global accounts for about 2.8% of Carmignac Gestion's investment portfolio, making the stock its 13th biggest holding. Carmignac Gestion owned about 0.11% of S&P Global worth $170,853,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

SPGI has been the topic of a number of recent research reports. Barclays raised their price target on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Robert W. Baird lowered their price target on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Oppenheimer upped their target price on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Morgan Stanley upped their target price on S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. upped their target price on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, S&P Global has a consensus rating of "Moderate Buy" and an average target price of $611.69.

S&P Global Trading Down 1.0%

SPGI opened at $550.80 on Tuesday. The company's 50 day moving average is $530.60 and its 200-day moving average is $512.67. 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. The company has a market cap of $168.16 billion, a P/E ratio of 42.37, a PEG ratio of 2.98 and a beta of 1.19.

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

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.

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