S&P Global Inc. (NYSE:SPGI) Shares Bought by Forsta AP Fonden

Key Points

• Forsta AP Fonden increased its holdings in S&P Global Inc. by 20.4%, acquiring an additional 15,700 shares for a total of 92,785 shares worth approximately $47.14 million.
• S&P Global reported a quarterly earnings per share of $4.43, exceeding analysts' expectations of $4.18, with quarterly revenue reaching $3.76 billion.
• The company declared a quarterly dividend of $0.96 per share, representing a 0.7% yield and a net margin of 27.30%.

Forsta AP Fonden increased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 20.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 92,785 shares of the business services provider's stock after buying an additional 15,700 shares during the period. Forsta AP Fonden's holdings in S&P Global were worth $47,144,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Graham Capital Management L.P. purchased a new stake in S&P Global in the 4th quarter worth $14,040,000. GAMMA Investing LLC lifted its stake in S&P Global by 20.2% in the 1st quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock worth $2,139,000 after purchasing an additional 708 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in S&P Global by 1.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock worth $44,102,000 after purchasing an additional 1,166 shares in the last quarter. Alaethes Wealth LLC purchased a new stake in S&P Global in the 4th quarter worth $2,029,000. Finally, Linden Thomas Advisory Services LLC lifted its stake in S&P Global by 5.2% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 10,850 shares of the business services provider's stock worth $5,513,000 after purchasing an additional 536 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Down 0.4%

Shares of NYSE SPGI traded down $2.14 during midday trading on Friday, reaching $556.99. 820,714 shares of the company's stock traded hands, compared to its average volume of 1,181,274. The company has a quick ratio of 0.90, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The stock's 50 day simple moving average is $525.43 and its 200-day simple moving average is $511.06. S&P Global Inc. has a one year low of $427.14 and a one year high of $566.42. The company has a market cap of $170.05 billion, a price-to-earnings ratio of 42.85, a P/E/G ratio of 2.98 and a beta of 1.19.

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 earnings per share (EPS) 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 firm 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 firm earned $4.04 earnings per share. The company's quarterly revenue was up 5.8% on a year-over-year basis. On average, analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be paid 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 dividend yield of 0.7%. S&P Global's dividend payout ratio (DPR) is currently 29.54%.

Analyst Upgrades and Downgrades

Several brokerages have commented on SPGI. JPMorgan Chase & Co. boosted 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 note on Monday, July 21st. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Oppenheimer upped 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. UBS Group upped their price target on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Finally, Morgan Stanley upped their price target on shares of S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Two research 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 company. According to data from MarketBeat.com, S&P Global currently has an average rating of "Moderate Buy" and a consensus target price of $611.69.

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.