S Bank Fund Management Ltd Makes New $3.14 Million Investment in S&P Global Inc. (NYSE:SPGI)

Key Points

• S Bank Fund Management Ltd made a new investment of approximately $3.14 million in S&P Global Inc., acquiring 6,184 shares in the 1st quarter.
• S&P Global reported a quarterly earnings per share (EPS) of $4.43, exceeding estimates, with a revenue of $3.76 billion—up 5.8% year-over-year.
• The company's annualized dividend is set at $3.84 with a yield of 0.7%, with the upcoming payout scheduled for September 10th.

S Bank Fund Management Ltd bought a new position in S&P Global Inc. (NYSE:SPGI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,184 shares of the business services provider's stock, valued at approximately $3,142,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. YCG LLC lifted its stake in shares of S&P Global by 0.4% in the 1st quarter. YCG LLC now owns 82,437 shares of the business services provider's stock worth $41,886,000 after acquiring an additional 313 shares during the period. National Pension Service lifted its stake in shares of S&P Global by 5.0% in the 1st quarter. National Pension Service now owns 658,283 shares of the business services provider's stock worth $334,474,000 after acquiring an additional 31,172 shares during the period. Dagco Inc. acquired a new stake in shares of S&P Global in the 1st quarter worth approximately $54,000. LGT Group Foundation lifted its stake in shares of S&P Global by 355.1% in the 1st quarter. LGT Group Foundation now owns 12,620 shares of the business services provider's stock worth $6,412,000 after acquiring an additional 9,847 shares during the period. Finally, LGT Fund Management Co Ltd. lifted its stake in shares of S&P Global by 5.9% in the 1st quarter. LGT Fund Management Co Ltd. now owns 31,645 shares of the business services provider's stock worth $16,079,000 after acquiring an additional 1,749 shares during the period. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Up 0.6%

Shares of NYSE:SPGI opened at $559.28 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap 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 Inc. has a 52 week low of $427.14 and a 52 week high of $566.42. The firm has a 50 day simple moving average of $527.21 and a 200 day simple moving average of $511.67.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating the consensus estimate of $4.18 by $0.25. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.04 EPS. As a group, research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 26th. S&P Global's dividend payout ratio is 29.54%.

Analysts Set New Price Targets

SPGI has been the subject of a number of research analyst reports. Robert W. Baird reduced their price target on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. upped 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. Oppenheimer upped their price target on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Barclays upped 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 note on Thursday, July 31st. Finally, UBS Group increased their target price on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $611.69.

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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