National Pension Service Buys 18,397 Shares of S&P Global Inc. $SPGI

National Pension Service lifted its stake in S&P Global Inc. (NYSE:SPGI) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 607,355 shares of the business services provider’s stock after purchasing an additional 18,397 shares during the quarter. National Pension Service owned about 0.20% of S&P Global worth $295,606,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Emerald Advisers LLC lifted its holdings in shares of S&P Global by 2.0% in the 2nd quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock worth $480,000 after acquiring an additional 18 shares during the last quarter. Fullcircle Wealth LLC raised its position in S&P Global by 1.0% in the 2nd quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock worth $984,000 after purchasing an additional 18 shares during the period. Summitry LLC lifted its stake in S&P Global by 2.1% in the second quarter. Summitry LLC now owns 883 shares of the business services provider’s stock worth $466,000 after purchasing an additional 18 shares during the last quarter. Hamilton Capital LLC lifted its stake in S&P Global by 4.5% in the second quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock worth $220,000 after purchasing an additional 18 shares during the last quarter. Finally, Sand Hill Global Advisors LLC boosted its position in shares of S&P Global by 3.1% during the second quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock valued at $333,000 after buying an additional 19 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SPGI shares. BMO Capital Markets set a $546.00 price target on S&P Global in a report on Friday, November 14th. JPMorgan Chase & Co. reduced their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Mizuho lifted their target price on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $640.00 price target on shares of S&P Global in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $615.64.

S&P Global Stock Performance

SPGI stock opened at $527.23 on Friday. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The business has a 50-day moving average price of $518.60 and a 200 day moving average price of $517.41. The company has a market capitalization of $159.65 billion, a P/E ratio of 38.34, a PEG ratio of 2.25 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 30th. The business services provider reported $4.73 EPS for the quarter, beating analysts’ consensus estimates of $4.26 by $0.47. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the firm posted $3.89 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be issued a $0.97 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio (DPR) is 27.93%.

About S&P Global

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.