UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Position in S&P Global Inc. (NYSE:SPGI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in S&P Global Inc. (NYSE:SPGI) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,713,617 shares of the business services provider’s stock after buying an additional 28,458 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in S&P Global were worth $1,401,909,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Public Sector Pension Investment Board grew its holdings in shares of S&P Global by 113.0% during the third quarter. Public Sector Pension Investment Board now owns 115,714 shares of the business services provider’s stock worth $59,780,000 after purchasing an additional 61,400 shares during the last quarter. Fiduciary Trust Co grew its stake in S&P Global by 1.0% during the 3rd quarter. Fiduciary Trust Co now owns 33,018 shares of the business services provider’s stock worth $17,058,000 after buying an additional 336 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in S&P Global by 17.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 324,318 shares of the business services provider’s stock worth $167,549,000 after buying an additional 49,193 shares during the period. Corsair Capital Management L.P. lifted its stake in S&P Global by 4,201.1% in the third quarter. Corsair Capital Management L.P. now owns 19,183 shares of the business services provider’s stock valued at $9,910,000 after buying an additional 18,737 shares during the last quarter. Finally, CreativeOne Wealth LLC lifted its stake in S&P Global by 53.3% in the third quarter. CreativeOne Wealth LLC now owns 1,410 shares of the business services provider’s stock valued at $729,000 after buying an additional 490 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of research reports. Oppenheimer lifted their target price on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. UBS Group raised their price objective on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Robert W. Baird upped their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. decreased their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, Wells Fargo & Company boosted their price target on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Price Performance

S&P Global stock opened at $522.96 on Thursday. The company has a market cap of $162.27 billion, a price-to-earnings ratio of 46.16, a PEG ratio of 2.66 and a beta of 1.18. The firm has a 50 day moving average price of $509.26 and a 200 day moving average price of $484.04. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the company posted $3.21 EPS. Sell-side analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.70%. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.