National Pension Service Has $334.47 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Key Points

• The National Pension Service increased its holdings in S&P Global Inc. by 5.0%, owning approximately $334.47 million worth of the company's stock as of its latest SEC filing.
• Several brokerages have raised their price targets for S&P Global, with an average target of $611.69 and ratings ranging from hold to strong buy.
• S&P Global recently reported a quarterly earnings per share (EPS) of $4.43, surpassing analyst expectations and marking a 5.8% year-over-year revenue growth.

National Pension Service grew its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 5.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 658,283 shares of the business services provider's stock after purchasing an additional 31,172 shares during the quarter. National Pension Service owned about 0.21% of S&P Global worth $334,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Minot DeBlois Advisors LLC bought a new stake in shares of S&P Global during the fourth quarter valued at approximately $25,000. Cheviot Value Management LLC bought a new position in shares of S&P Global in the first quarter valued at approximately $26,000. Costello Asset Management INC bought a new position in shares of S&P Global in the first quarter valued at approximately $26,000. Anderson Financial Strategies LLC bought a new position in shares of S&P Global in the fourth quarter valued at approximately $27,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in S&P Global during the first quarter valued at $28,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on SPGI. Argus raised S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Morgan Stanley increased their price objective 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. BMO Capital Markets increased their target price on S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Oppenheimer increased their target price on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Robert W. Baird reduced their price objective on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, S&P Global has an average rating of "Moderate Buy" and an average price target of $611.69.

S&P Global Stock Performance

Shares of SPGI opened at $559.28 on Wednesday. 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 Inc. has a one year low of $427.14 and a one year high of $566.42. The company has a 50-day simple moving average of $527.21 and a two-hundred day simple moving average of $511.67. The firm has a market capitalization of $170.75 billion, a PE ratio of 43.02, a price-to-earnings-growth ratio of 2.98 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the business earned $4.04 earnings per share. The business's revenue was up 5.8% on a year-over-year basis. On average, analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

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