S&P Global Inc. $SPGI Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.0% in the second quarter, HoldingsChannel.com reports. The fund owned 600,839 shares of the business services provider’s stock after buying an additional 11,510 shares during the quarter. Bessemer Group Inc.’s holdings in S&P Global were worth $316,817,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cheviot Value Management LLC acquired a new position in S&P Global during the first quarter worth about $26,000. Costello Asset Management INC acquired a new position in shares of S&P Global in the first quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of S&P Global in the second quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of S&P Global in the first quarter valued at approximately $28,000. Finally, CBIZ Investment Advisory Services LLC raised its position in shares of S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after buying an additional 31 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Oppenheimer boosted their target price on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Citigroup boosted their target price on shares of S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. UBS Group boosted their target price on shares of S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a report on Friday. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $614.23.

S&P Global Price Performance

SPGI opened at $489.02 on Monday. 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 52-week low of $427.14 and a 52-week high of $579.05. The company has a 50 day moving average of $514.03 and a two-hundred day moving average of $514.59. The company has a market cap of $149.30 billion, a P/E ratio of 37.62, a P/E/G ratio of 2.59 and a beta of 1.19.

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

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s dividend payout ratio is 29.54%.

S&P Global 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.