Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Position in S&P Global Inc. $SPGI

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of S&P Global Inc. (NYSE:SPGI) by 13.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,300 shares of the business services provider’s stock after purchasing an additional 6,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in S&P Global were worth $27,577,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Advisory Alpha LLC acquired a new stake in shares of S&P Global during the 2nd quarter worth $262,000. Y Intercept Hong Kong Ltd grew its position in S&P Global by 9.0% during the second quarter. Y Intercept Hong Kong Ltd now owns 1,654 shares of the business services provider’s stock valued at $872,000 after acquiring an additional 136 shares during the period. Academy Capital Management increased its stake in S&P Global by 8.6% during the second quarter. Academy Capital Management now owns 19,804 shares of the business services provider’s stock worth $10,443,000 after acquiring an additional 1,565 shares during the last quarter. Bessemer Group Inc. increased its stake in S&P Global by 2.0% during the second quarter. Bessemer Group Inc. now owns 600,839 shares of the business services provider’s stock worth $316,817,000 after acquiring an additional 11,510 shares during the last quarter. Finally, CCLA Investment Management raised its holdings in shares of S&P Global by 6.5% in the 2nd quarter. CCLA Investment Management now owns 331,838 shares of the business services provider’s stock worth $174,871,000 after purchasing an additional 20,272 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Evercore ISI increased their target price 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, October 14th. Morgan Stanley lifted their price target 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. Citigroup increased their price objective on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Barclays raised their target price on shares of S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, UBS Group upped 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 report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $614.23.

S&P Global Trading Up 1.5%

NYSE SPGI opened at $496.57 on Tuesday. The company’s fifty day simple moving average is $512.94 and its 200-day simple moving average is $514.74. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. 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 cap of $151.60 billion, a P/E ratio of 38.20, a PEG ratio of 2.59 and a beta of 1.19.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $1.87 billion during the quarter. Equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

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