Raiffeisen Bank International AG reduced its position in S&P Global Inc. (NYSE:SPGI – Free Report) by 8.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,859 shares of the business services provider’s stock after selling 5,525 shares during the period. Raiffeisen Bank International AG’s holdings in S&P Global were worth $24,865,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Rehmann Capital Advisory Group lifted its position in S&P Global by 1.2% during the third quarter. Rehmann Capital Advisory Group now owns 1,925 shares of the business services provider’s stock valued at $937,000 after acquiring an additional 22 shares during the last quarter. Washington Trust Bank grew its holdings in S&P Global by 1.2% in the fourth quarter. Washington Trust Bank now owns 1,888 shares of the business services provider’s stock worth $987,000 after purchasing an additional 23 shares during the last quarter. Hibernia Wealth Partners LLC grew its holdings in S&P Global by 3.3% in the first quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider’s stock worth $321,000 after purchasing an additional 24 shares during the last quarter. Prestige Wealth Management Group LLC increased its position in shares of S&P Global by 2.8% during the fourth quarter. Prestige Wealth Management Group LLC now owns 946 shares of the business services provider’s stock worth $494,000 after purchasing an additional 26 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its holdings in shares of S&P Global by 1.2% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 2,272 shares of the business services provider’s stock valued at $925,000 after purchasing an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.
S&P Global Trading Up 4.3%
Shares of NYSE:SPGI opened at $450.40 on Friday. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $552.25. The stock has a market cap of $132.78 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 2.08 and a beta of 1.07. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $427.63 and a 200-day moving average price of $425.27.
S&P Global Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be paid a $0.97 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s dividend payout ratio is presently 23.69%.
Analyst Upgrades and Downgrades
SPGI has been the topic of several research analyst reports. Wall Street Zen upgraded S&P Global to a “hold” rating in a research note on Saturday, July 4th. Bank of America dropped their price target on S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Morgan Stanley cut their price objective on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. UBS Group decreased their price objective on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Finally, Daiwa Securities Group lowered their target price on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $523.59.
Get Our Latest Stock Report on SPGI
S&P Global Company Profile
S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.
S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.
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