S Bank Fund Management Ltd Has $2.45 Million Stock Holdings in S&P Global Inc. $SPGI

Key Points

• S Bank Fund Management Ltd reduced its stake in S&P Global Inc. by 25.0%, holding 4,639 shares valued at approximately $2.45 million.
• S&P Global recently declared a quarterly dividend of $0.96 per share, representing an annualized yield of 0.8%.
• The stock has seen recent price target increases from several analysts, with the average target now at $615.69 and a consensus rating of "Buy".

S Bank Fund Management Ltd lessened its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 25.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,639 shares of the business services provider's stock after selling 1,545 shares during the period. S Bank Fund Management Ltd's holdings in S&P Global were worth $2,446,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in S&P Global by 0.4% during the first quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider's stock valued at $15,130,711,000 after purchasing an additional 108,729 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in S&P Global by 3.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider's stock valued at $1,618,934,000 after buying an additional 114,843 shares during the last quarter. Valeo Financial Advisors LLC grew its holdings in S&P Global by 70,734.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider's stock valued at $1,670,671,000 after buying an additional 3,163,938 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in S&P Global by 26.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider's stock valued at $1,497,493,000 after buying an additional 614,809 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in S&P Global by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider's stock valued at $1,403,468,000 after buying an additional 97,324 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Stock Down 0.8%

SPGI opened at $482.74 on Thursday. The company has a market capitalization of $147.38 billion, a P/E ratio of 37.13, a P/E/G ratio of 2.58 and a beta of 1.19. The firm's fifty day moving average price is $525.15 and its two-hundred day moving average price is $513.76. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. 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 issued its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The company had revenue of $1.87 billion during the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. On average, analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global's payout ratio is currently 29.54%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a research note on Friday, September 19th. Citigroup raised their price objective on shares of S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Weiss Ratings restated a "buy (b)" rating on shares of S&P Global in a research note on Wednesday, October 8th. UBS Group raised their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Finally, Barclays raised their price objective on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $615.69.

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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