S&P Global Inc. $SPGI Shares Acquired by Bellecapital International Ltd.

Key Points

• Bellecapital International Ltd. increased its holdings in S&P Global Inc. by 2.1% during Q2, owning 31,367 shares valued at approximately $16.5 million.
• Institutional investors and hedge funds now own 87.17% of S&P Global's stock, with several firms significantly boosting their investments in recent quarters.
• Analyst ratings for S&P Global have been positive, with a consensus rating of "Buy" and an average price target of $615.69.

Bellecapital International Ltd. grew its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,367 shares of the business services provider's stock after buying an additional 647 shares during the quarter. S&P Global comprises 2.9% of Bellecapital International Ltd.'s investment portfolio, making the stock its 14th biggest holding. Bellecapital International Ltd.'s holdings in S&P Global were worth $16,540,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SPGI. UBS Group lifted their price objective on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. lifted their price objective on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Citigroup boosted their price target on S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a report on Monday, September 15th. Seaport Res Ptn raised S&P Global to a "strong-buy" rating in a report on Wednesday, October 1st. Finally, BMO Capital Markets boosted their price target on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $615.69.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $482.74 on Thursday. The company has a market cap 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 company has a quick ratio of 0.98, a current ratio of 0.98 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 $579.05. The business has a fifty day simple moving average of $525.15 and a 200-day simple moving average of $513.76.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The business 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%. Equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

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

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.

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.