S&P Global Inc. $SPGI Position Decreased by Danske Bank A S

Danske Bank A S trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 8.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 196,403 shares of the business services provider’s stock after selling 18,011 shares during the quarter. Danske Bank A S’s holdings in S&P Global were worth $77,475,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Drive Wealth Management LLC purchased a new stake in shares of S&P Global in the 3rd quarter valued at approximately $331,000. California First Leasing Corp acquired a new position in shares of S&P Global in the 3rd quarter worth approximately $1,921,000. Dogwood Wealth Management LLC lifted its holdings in shares of S&P Global by 123.1% in the 3rd quarter. Dogwood Wealth Management LLC now owns 502 shares of the business services provider’s stock worth $198,000 after acquiring an additional 277 shares during the last quarter. Mawer Investment Management Ltd. boosted its position in shares of S&P Global by 2.3% during the 3rd quarter. Mawer Investment Management Ltd. now owns 438,222 shares of the business services provider’s stock worth $172,865,000 after purchasing an additional 9,649 shares during the period. Finally, Pictet Asset Management Holding SA boosted its position in shares of S&P Global by 84.3% during the 3rd quarter. Pictet Asset Management Holding SA now owns 310,605 shares of the business services provider’s stock worth $122,478,000 after purchasing an additional 142,027 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SPGI has been the topic of several research reports. Barclays increased their price target on shares of S&P Global from $553.00 to $572.00 and gave the stock an “overweight” rating in a research report on Monday, November 2nd. Robert W. Baird set a $513.00 price objective on shares of S&P Global in a report on Wednesday, September 2nd. Wall Street Zen raised shares of S&P Global to a “hold” rating in a research note on Saturday, September 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of S&P Global in a report on Friday, October 2nd. Finally, JPMorgan Chase & Co. increased their target price on shares of S&P Global from $520.00 to $550.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. Eighteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus price target of $523.35.

S&P Global Stock Up 1.0%

NYSE:SPGI traded up $4.82 during trading hours on Friday, hitting $473.33. The company’s stock had a trading volume of 1,005,778 shares, compared to its average volume of 1,890,148. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $552.25. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $137.22 billion, a P/E ratio of 28.22, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. The stock has a fifty day moving average of $428.62 and a 200-day moving average of $428.44.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, October 27th. The business services provider reported $4.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.15. The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.64 billion. S&P Global had a return on equity of 19.46% and a net margin of 32.21%. S&P Global’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $4.73 EPS. On average, equities analysts forecast that S&P Global Inc. will post 17.96 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 25th. S&P Global’s dividend payout ratio (DPR) is 23.14%.

S&P Global Company Profile

S&P Global Inc. provides financial information, credit ratings, benchmarks, analytics and data to businesses, governments and investors around the world. Its services include credit ratings and research through S&P Global Ratings, financial data and analytics through S&P Global Market Intelligence, and information and benchmarks for energy and commodities markets through S&P Global Commodity Insights. The company also develops market indices through S&P Dow Jones Indices, a joint venture in which S&P Global is the majority owner, and provides data and analytics for the automotive industry through S&P Global Mobility.