Bellecapital International Ltd. Sells 947 Shares of S&P Global Inc. (NYSE:SPGI)

Bellecapital International Ltd. reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,720 shares of the business services provider’s stock after selling 947 shares during the period. S&P Global comprises about 3.1% of Bellecapital International Ltd.’s investment portfolio, making the stock its 13th biggest position. Bellecapital International Ltd.’s holdings in S&P Global were worth $15,609,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SPGI. Geode Capital Management LLC lifted its stake in S&P Global by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider’s stock worth $3,273,264,000 after purchasing an additional 116,208 shares during the period. Norges Bank acquired a new position in shares of S&P Global in the 4th quarter worth approximately $1,725,084,000. Northern Trust Corp raised its holdings in shares of S&P Global by 19.1% in the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider’s stock worth $1,631,568,000 after buying an additional 525,347 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of S&P Global by 13.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider’s stock worth $1,529,653,000 after buying an additional 357,790 shares during the period. Finally, Amundi lifted its position in shares of S&P Global by 6.6% during the 4th quarter. Amundi now owns 2,345,377 shares of the business services provider’s stock worth $1,162,979,000 after buying an additional 145,434 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the topic of several analyst reports. Mizuho started coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 target price on the stock. JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. BMO Capital Markets raised their price objective on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Morgan Stanley lifted their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Finally, UBS Group increased their price target on S&P Global from $555.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $592.71.

S&P Global Stock Performance

SPGI stock opened at $513.89 on Thursday. The company has a 50 day moving average price of $494.55 and a 200 day moving average price of $504.34. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $157.61 billion, a PE ratio of 41.61, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.14. The business had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business earned $4.01 earnings per share. Analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Wednesday, May 28th. S&P Global’s dividend payout ratio is 30.16%.

Insider Buying and Selling

In other news, EVP Sally Moore sold 500 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the transaction, the executive vice president now directly owns 5,131 shares in the company, valued at $2,619,016.33. This trade represents a 8.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by insiders.

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.