S&P Global Inc. $SPGI Shares Sold by Interchange Capital Partners LLC

Key Points

• Interchange Capital Partners LLC significantly reduced its holdings in S&P Global Inc. by 85.7%, ending the second quarter with only 162 shares valued at $85,000.
• Several institutional investors, including Vanguard Group and UBS AM, have increased their positions, with Vanguard now owning over 29 million shares worth approximately $15.13 billion.
• S&P Global's stock recently received several positive analyst upgrades, with Morgan Stanley and Citigroup raising their price targets, highlighting strong growth expectations for the company.

Interchange Capital Partners LLC lessened its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 85.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162 shares of the business services provider's stock after selling 970 shares during the period. Interchange Capital Partners LLC's holdings in S&P Global were worth $85,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of S&P Global by 0.4% in 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 buying an additional 108,729 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of S&P Global by 3.7% in 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 valued at $1,618,934,000 after buying an additional 114,843 shares during the last quarter. Valeo Financial Advisors LLC raised its position in shares of S&P Global by 70,734.1% in the second 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 raised its position in shares of S&P Global by 26.4% in the first 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. raised its position in shares of S&P Global by 3.7% in the first 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.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of analyst reports. Morgan Stanley boosted their price objective on shares of S&P Global from $615.00 to $620.00 and gave the company an "overweight" rating in a research report on Thursday, October 9th. Evercore ISI upped their price target on shares of S&P Global from $613.00 to $619.00 and gave the stock an "outperform" rating in a research report on Tuesday. JPMorgan Chase & Co. increased 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. Citigroup lifted their price target on shares of S&P Global from $600.00 to $635.00 and gave the company a "buy" rating in a report on Monday, September 15th. Finally, UBS Group lifted their price target on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $615.69.

S&P Global Stock Up 1.5%

Shares of SPGI opened at $486.76 on Wednesday. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The company's fifty day moving average is $526.73 and its two-hundred day moving average is $513.98. The firm has a market cap of $148.61 billion, a PE ratio of 37.44, a price-to-earnings-growth ratio of 2.54 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 (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company had revenue of $1.87 billion during the quarter. Analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

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

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