S&P Global Inc. $SPGI Position Lowered by BlueSpruce Investments LP

BlueSpruce Investments LP trimmed its stake in shares of S&P Global Inc. (NYSE:SPGI) by 27.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 566,049 shares of the business services provider’s stock after selling 212,435 shares during the period. S&P Global accounts for 6.9% of BlueSpruce Investments LP’s portfolio, making the stock its 8th largest holding. BlueSpruce Investments LP owned approximately 0.19% of S&P Global worth $298,472,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of S&P Global in the second quarter worth about $26,000. MTM Investment Management LLC bought a new stake in S&P Global in the 2nd quarter worth approximately $27,000. CBIZ Investment Advisory Services LLC raised its holdings in shares of S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after acquiring an additional 31 shares in the last quarter. eCIO Inc. bought a new position in shares of S&P Global during the 1st quarter valued at approximately $32,000. Finally, Activest Wealth Management boosted its position in shares of S&P Global by 3,250.0% during the 1st quarter. Activest Wealth Management now owns 67 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SPGI shares. BMO Capital Markets set a $546.00 price target on shares of S&P Global in a research note on Friday, November 14th. Wells Fargo & Company upped their target price on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Morgan Stanley increased their price target on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. William Blair reissued an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Finally, Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $613.00.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $500.95 on Friday. The company has a market capitalization of $151.69 billion, a price-to-earnings ratio of 36.43, a PEG ratio of 2.59 and a beta of 1.19. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The firm’s 50-day moving average is $490.15 and its 200 day moving average is $514.66. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The business had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. Research analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th were given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, November 25th. S&P Global’s dividend payout ratio is 27.93%.

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.