Fjarde AP Fonden Fourth Swedish National Pension Fund Has $23.32 Million Stake in S&P Global Inc. (NYSE:SPGI)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in S&P Global Inc. (NYSE:SPGI) by 16.7% during the 1st quarter, HoldingsChannel reports. The firm owned 45,900 shares of the business services provider’s stock after selling 9,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in S&P Global were worth $23,322,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPGI. Vanguard Group Inc. lifted its stake 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 period. Northern Trust Corp lifted its stake in shares of S&P Global by 19.1% in the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider’s stock valued at $1,631,568,000 after buying an additional 525,347 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of S&P Global by 13.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider’s stock valued at $1,529,653,000 after buying an additional 357,790 shares during the period. Goldman Sachs Group Inc. lifted its stake 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 period. Finally, Nuveen Asset Management LLC lifted its stake in shares of S&P Global by 11.4% in the fourth quarter. Nuveen Asset Management LLC now owns 2,184,312 shares of the business services provider’s stock valued at $1,087,853,000 after buying an additional 224,294 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

NYSE:SPGI opened at $562.53 on Thursday. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $566.56. The firm has a 50 day moving average of $528.18 and a 200-day moving average of $512.02. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $171.74 billion, a P/E ratio of 43.27, a price-to-earnings-growth ratio of 2.99 and a beta of 1.19.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the previous year, the company posted $4.04 earnings per share. S&P Global’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.7%. S&P Global’s dividend payout ratio (DPR) is currently 29.54%.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of analyst reports. Wells Fargo & Company raised their price target on shares of S&P Global from $632.00 to $660.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Robert W. Baird cut 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. BMO Capital Markets raised their price target on shares of S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Morgan Stanley raised their price target on shares of S&P Global from $595.00 to $615.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, UBS Group raised their price target 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. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $611.69.

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.