S&P Global Inc. (NYSE:SPGI) is Union Bancaire Privee UBP SA’s 6th Largest Position

Union Bancaire Privee UBP SA decreased its stake in S&P Global Inc. (NYSE:SPGI) by 4.5% during the first quarter, Holdings Channel reports. The institutional investor owned 281,103 shares of the business services provider’s stock after selling 13,177 shares during the quarter. S&P Global makes up approximately 3.2% of Union Bancaire Privee UBP SA’s investment portfolio, making the stock its 6th largest position. Union Bancaire Privee UBP SA’s holdings in S&P Global were worth $139,038,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of S&P Global in the fourth quarter valued at approximately $1,725,084,000. GAMMA Investing LLC grew its position in S&P Global by 60,982.3% during the 1st quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider’s stock worth $1,086,877,000 after purchasing an additional 2,135,599 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of S&P Global during the fourth quarter worth approximately $527,207,000. Proficio Capital Partners LLC boosted its holdings in S&P Global by 71,024.1% in the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock valued at $308,525,000 after purchasing an additional 618,620 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of S&P Global by 19.1% during 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 purchasing an additional 525,347 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on SPGI shares. Bank of America began coverage on S&P Global in a research report on Thursday, April 10th. They set a “buy” rating and a $600.00 price objective for the company. BMO Capital Markets boosted their price objective on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Wells Fargo & Company boosted their target price on shares of S&P Global from $607.00 to $627.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. Morgan Stanley upped their price target on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Finally, Mizuho began coverage on S&P Global in a report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $592.71.

S&P Global Trading Down 0.0%

NYSE SPGI opened at $513.89 on Thursday. The business’s fifty day moving average is $494.55 and its 200 day moving average is $504.34. The company has a market cap of $157.61 billion, a price-to-earnings ratio of 41.61, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. S&P Global’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $4.01 earnings per share. As a group, sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

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

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.