Triglav Investments D.O.O. Has $1.45 Million Position in S&P Global Inc. $SPGI

Triglav Investments D.O.O. lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 96.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,750 shares of the business services provider’s stock after purchasing an additional 1,350 shares during the period. Triglav Investments D.O.O.’s holdings in S&P Global were worth $1,450,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SPGI. Brighton Jones LLC raised its stake in S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after buying an additional 143 shares during the period. Mutual Advisors LLC boosted its stake in shares of S&P Global by 11.3% during the 1st quarter. Mutual Advisors LLC now owns 1,659 shares of the business services provider’s stock worth $796,000 after acquiring an additional 169 shares during the period. 44 Wealth Management LLC increased its holdings in shares of S&P Global by 61.0% during the 1st quarter. 44 Wealth Management LLC now owns 961 shares of the business services provider’s stock worth $488,000 after acquiring an additional 364 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of S&P Global by 73.0% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 972 shares of the business services provider’s stock worth $494,000 after acquiring an additional 410 shares during the last quarter. Finally, Strategic Blueprint LLC raised its stake in S&P Global by 6.4% in the 1st quarter. Strategic Blueprint LLC now owns 937 shares of the business services provider’s stock valued at $476,000 after acquiring an additional 56 shares during the period. 87.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SPGI shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $538.00 price objective on shares of S&P Global in a research report on Friday. Barclays raised their target price on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Stifel Nicolaus decreased their price target on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research note on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Finally, UBS Group boosted their price objective on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $612.38.

S&P Global Price Performance

Shares of S&P Global stock opened at $487.37 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $148.80 billion, a price-to-earnings ratio of 37.49, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The company has a 50-day simple moving average of $507.44 and a two-hundred day simple moving average of $515.30.

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

S&P Global Announces Dividend

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

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.