Itau Unibanco Holding S.A. Takes Position in S&P Global Inc. $SPGI

Itau Unibanco Holding S.A. acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the second quarter, HoldingsChannel reports. The fund acquired 3,800 shares of the business services provider’s stock, valued at approximately $2,004,000.

Other institutional investors have also added to or reduced their stakes in the company. Costello Asset Management INC bought a new position in shares of S&P Global in the first quarter worth about $26,000. Cheviot Value Management LLC purchased a new stake in shares of S&P Global in the first quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in S&P Global during the 2nd quarter valued at $26,000. CBIZ Investment Advisory Services LLC grew its position in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 31 shares during the last quarter. Finally, eCIO Inc. purchased a new stake in S&P Global in the first quarter worth $32,000. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. BMO Capital Markets set a $546.00 price target on S&P Global in a research report on Friday. Mizuho boosted their price target on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. Wells Fargo & Company boosted their price objective on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Finally, Morgan Stanley increased their target price on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $613.00.

S&P Global Trading Down 1.8%

Shares of S&P Global stock opened at $493.97 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The company has a market cap of $149.58 billion, a P/E ratio of 38.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. The firm has a 50-day simple moving average of $497.60 and a two-hundred day simple moving average of $517.08.

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

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio is currently 27.93%.

About S&P Global

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.