S&P Global Inc. (NYSE:SPGI) Stake Lowered by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 16.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 SEC filing.

Several other institutional investors also recently made changes to their positions in SPGI. Minot DeBlois Advisors LLC bought a new position in S&P Global in the 4th quarter worth approximately $25,000. Cheviot Value Management LLC bought a new position in S&P Global in the 1st quarter worth approximately $26,000. Costello Asset Management INC bought a new position in S&P Global in the 1st quarter worth approximately $26,000. Anderson Financial Strategies LLC bought a new position in S&P Global in the 4th quarter worth approximately $27,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in S&P Global in the 1st quarter worth approximately $28,000. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $562.53 on Thursday. The company’s fifty day moving average is $528.18 and its two-hundred day moving average is $512.02. 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 Inc. has a 12-month low of $427.14 and a 12-month high of $566.56. The company has a market cap 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 announced its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the business earned $4.04 EPS. The company’s revenue was up 5.8% on a year-over-year basis. Equities analysts expect that S&P Global Inc. will post 17.11 earnings per share 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. Stockholders of record on Tuesday, August 26th will be paid 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 is 29.54%.

Analysts Set New Price Targets

SPGI has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their price objective on S&P Global from $632.00 to $660.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Argus upgraded S&P Global to a “strong-buy” rating in a research report on Friday, May 16th. JPMorgan Chase & Co. upped their target price on S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. UBS Group upped their target price on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Finally, Stifel Nicolaus cut their target price on S&P Global from $629.00 to $603.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.