APG Asset Management N.V. Raises Holdings in S&P Global Inc. (SPGI)

APG Asset Management N.V. grew its stake in S&P Global Inc. (NYSE:SPGI) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 522,678 shares of the business services provider’s stock after buying an additional 11,700 shares during the period. APG Asset Management N.V. owned 0.20% of S&P Global worth $81,700,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in S&P Global by 2.0% during the second quarter. Vanguard Group Inc. now owns 19,774,884 shares of the business services provider’s stock worth $2,886,935,000 after purchasing an additional 379,537 shares during the period. BlackRock Inc. grew its stake in S&P Global by 11.3% during the second quarter. BlackRock Inc. now owns 17,197,188 shares of the business services provider’s stock worth $2,510,617,000 after purchasing an additional 1,744,482 shares during the period. Artisan Partners Limited Partnership grew its stake in S&P Global by 0.3% during the second quarter. Artisan Partners Limited Partnership now owns 7,089,999 shares of the business services provider’s stock worth $1,035,069,000 after purchasing an additional 18,758 shares during the period. Independent Franchise Partners LLP grew its stake in S&P Global by 0.6% during the second quarter. Independent Franchise Partners LLP now owns 4,984,751 shares of the business services provider’s stock worth $727,723,000 after purchasing an additional 30,708 shares during the period. Finally, Alliancebernstein L.P. grew its stake in S&P Global by 61.6% during the second quarter. Alliancebernstein L.P. now owns 1,837,354 shares of the business services provider’s stock worth $268,235,000 after purchasing an additional 700,194 shares during the period. 86.18% of the stock is owned by institutional investors.

S&P Global Inc. (NYSE:SPGI) traded down $0.97 during mid-day trading on Friday, hitting $156.94. The stock had a trading volume of 679,600 shares, compared to its average volume of 1,120,444. S&P Global Inc. has a 52 week low of $107.21 and a 52 week high of $166.17. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 4.00. The company has a market capitalization of $40,267.05, a price-to-earnings ratio of 24.95, a PEG ratio of 1.90 and a beta of 1.51.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 26th. The business services provider reported $1.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.19. S&P Global had a return on equity of 187.30% and a net margin of 30.15%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the company earned $1.43 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. research analysts expect that S&P Global Inc. will post 6.64 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Monday, November 27th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.04%. S&P Global’s dividend payout ratio is presently 24.08%.

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Several equities research analysts recently commented on the company. UBS AG raised their target price on S&P Global from $173.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Barclays PLC raised their target price on S&P Global from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. Wells Fargo & Company raised their target price on S&P Global from $159.00 to $165.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. BMO Capital Markets cut S&P Global from an “outperform” rating to a “market perform” rating and set a $166.00 price objective for the company. in a research note on Friday, October 27th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $177.00 price objective on shares of S&P Global in a research note on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. S&P Global presently has an average rating of “Buy” and an average target price of $164.75.

In related news, EVP Courtney Geduldig sold 1,404 shares of S&P Global stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $159.38, for a total transaction of $223,769.52. Following the sale, the executive vice president now directly owns 1,259 shares in the company, valued at $200,659.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Nancy Luquette sold 860 shares of S&P Global stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total value of $130,290.00. Following the sale, the senior vice president now owns 106 shares in the company, valued at $16,059. The disclosure for this sale can be found here. Insiders sold 3,860 shares of company stock worth $603,834 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

S&P Global Profile

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.

Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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