Handelsbanken Fonder AB Raises Holdings in S&P Global Inc. (NYSE:SPGI)

Handelsbanken Fonder AB grew its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 8.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 187,595 shares of the business services provider's stock after acquiring an additional 15,261 shares during the quarter. Handelsbanken Fonder AB owned about 0.06% of S&P Global worth $95,317,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of SPGI. Parkside Financial Bank & Trust lifted its stake in shares of S&P Global by 2.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock valued at $515,000 after buying an additional 20 shares in the last quarter. Personal CFO Solutions LLC lifted its position in S&P Global by 3.1% in the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock valued at $336,000 after acquiring an additional 20 shares in the last quarter. Anfield Capital Management LLC boosted its stake in S&P Global by 25.6% during the 4th quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock valued at $54,000 after purchasing an additional 22 shares during the last quarter. Invenio Wealth Partners LLC boosted its stake in S&P Global by 4.0% during the 4th quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock valued at $286,000 after purchasing an additional 22 shares during the last quarter. Finally, Retirement Planning Group LLC increased its holdings in S&P Global by 0.4% during the 4th quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock worth $2,870,000 after purchasing an additional 22 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Down 1.6%

Shares of NYSE:SPGI traded down $8.04 on Thursday, reaching $505.94. 1,321,243 shares of the company traded hands, compared to its average volume of 1,330,811. The stock has a market capitalization of $155.17 billion, a P/E ratio of 40.97, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The business's 50-day simple moving average is $494.55 and its 200 day simple moving average is $504.34. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The firm's revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $4.01 EPS. As a group, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th were issued a dividend of $0.96 per share. The ex-dividend date was Wednesday, May 28th. This represents a $3.84 annualized dividend and a dividend yield of 0.76%. S&P Global's payout ratio is 30.16%.

Analyst Ratings Changes

Several brokerages recently issued reports on SPGI. Wells Fargo & Company lifted their target price on S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Robert W. Baird dropped their target price on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Wall Street Zen downgraded S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Evercore ISI boosted their price objective on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Finally, Argus raised S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $592.71.

Insider Transactions at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president now owns 5,131 shares in the company, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company's stock.

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.