S&P Global Inc. (NYSE:SPGI) Position Increased by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. increased its holdings in S&P Global Inc. by 3.7%, owning approximately 0.90% of the company, valued at about $1.4 billion.
• S&P Global reported earnings per share (EPS) of $4.43 for the last quarter, surpassing analyst estimates of $4.18, with revenue growth of 5.8% year-over-year.
• The company declared a quarterly dividend of $0.96 per share, reflecting a dividend yield of 0.7%.

Goldman Sachs Group Inc. raised its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 3.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,762,187 shares of the business services provider's stock after acquiring an additional 97,324 shares during the period. Goldman Sachs Group Inc. owned 0.90% of S&P Global worth $1,403,468,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Northern Trust Corp grew its stake in shares of S&P Global by 19.1% during the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock valued at $1,631,568,000 after buying an additional 525,347 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in S&P Global by 13.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock worth $1,529,653,000 after purchasing an additional 357,790 shares during the period. Nuveen Asset Management LLC increased its holdings in S&P Global by 11.4% in the 4th quarter. Nuveen Asset Management LLC now owns 2,184,312 shares of the business services provider's stock valued at $1,087,853,000 after purchasing an additional 224,294 shares in the last quarter. GAMMA Investing LLC raised its position 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 purchasing an additional 2,135,599 shares during the period. Finally, Valley Forge Capital Management LP lifted its stake in shares of S&P Global by 2.9% during the fourth quarter. Valley Forge Capital Management LP now owns 1,755,098 shares of the business services provider's stock worth $874,091,000 after purchasing an additional 49,200 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Down 0.4%

Shares of S&P Global stock traded down $2.14 during trading on Friday, reaching $556.99. The company had a trading volume of 820,714 shares, compared to its average volume of 1,181,274. The company has a market cap of $170.05 billion, a price-to-earnings ratio of 42.85, a price-to-earnings-growth ratio of 2.98 and a beta of 1.19. The firm's fifty day moving average is $525.43 and its 200-day moving average is $511.06. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.98. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $566.42.

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 for the quarter, topping the consensus estimate of $4.18 by $0.25. The firm 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%. S&P Global's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.04 earnings per share. On average, 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. Shareholders of record on Tuesday, August 26th will be given a $0.96 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a yield of 0.7%. S&P Global's dividend payout ratio is 29.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SPGI shares. Barclays upped their target price on S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Morgan Stanley upped their target price on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Robert W. Baird decreased their target price on 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. Oppenheimer upped their target price on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Finally, Stifel Nicolaus decreased their target price on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, S&P Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $611.69.

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.