BTG Pactual Asset Management US LLC Purchases Shares of 3,476 S&P Global Inc. $SPGI

BTG Pactual Asset Management US LLC acquired a new stake in S&P Global Inc. (NYSE:SPGI) during the 2nd quarter, Holdings Channel reports. The firm acquired 3,476 shares of the business services provider’s stock, valued at approximately $1,833,000.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in S&P Global by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock worth $15,868,750,000 after purchasing an additional 315,916 shares during the period. TCI Fund Management Ltd. raised its position in shares of S&P Global by 7.0% during the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock valued at $5,848,502,000 after buying an additional 730,354 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of S&P Global by 0.6% in the second quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock worth $3,565,889,000 after buying an additional 42,724 shares in the last quarter. Norges Bank bought a new position in shares of S&P Global during the second quarter worth $2,188,945,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in S&P Global by 3.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider’s stock valued at $1,618,934,000 after acquiring an additional 114,843 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on SPGI. Citigroup boosted their price target on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Stifel Nicolaus reduced their target price on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a report on Friday, October 31st. BMO Capital Markets set a $546.00 target price on S&P Global in a research report on Friday, November 14th. JPMorgan Chase & Co. cut their price target on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Finally, William Blair reaffirmed an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Two analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $613.00.

S&P Global Trading Up 0.7%

Shares of NYSE SPGI opened at $500.95 on Friday. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. The business’s 50 day moving average is $490.15 and its two-hundred day moving average is $514.66. The stock has a market capitalization of $151.69 billion, a P/E ratio of 36.43, a PEG ratio of 2.59 and a beta of 1.19.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The business had revenue of $1.87 billion during the quarter. S&P Global had a return on equity of 15.90% and a net margin of 28.10%. As a group, research analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th were given a dividend of $0.96 per share. The ex-dividend date was Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. S&P Global’s payout ratio is 27.93%.

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.