Banco Santander S.A. Sells 30,010 Shares of S&P Global Inc. (NYSE:SPGI)

Banco Santander S.A. decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 84.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 5,337 shares of the business services provider’s stock after selling 30,010 shares during the quarter. Banco Santander S.A.’s holdings in S&P Global were worth $2,757,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in S&P Global by 107.2% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock worth $2,798,000 after buying an additional 2,962 shares in the last quarter. Quadrature Capital Ltd bought a new stake in S&P Global during the 1st quarter worth about $2,236,000. GDS Wealth Management lifted its position in S&P Global by 7.0% during the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after purchasing an additional 1,801 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of S&P Global by 4.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 30,014 shares of the business services provider’s stock valued at $13,386,000 after purchasing an additional 1,405 shares during the last quarter. Finally, BDF Gestion acquired a new stake in shares of S&P Global during the 2nd quarter worth approximately $4,419,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SPGI shares. UBS Group raised their price target on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. BMO Capital Markets reduced their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Barclays boosted their target price on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Stifel Nicolaus increased their price target on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Royal Bank of Canada increased their target price on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Trading Up 1.8 %

NYSE SPGI opened at $512.26 on Friday. The company has a market cap of $158.96 billion, a PE ratio of 45.21, a PEG ratio of 2.57 and a beta of 1.18. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The stock has a 50 day moving average of $509.45 and a 200-day moving average of $481.15. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same period last year, the firm posted $3.21 earnings per share. The business’s revenue was up 15.9% on a year-over-year basis. On average, equities research analysts anticipate that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s payout ratio is 32.13%.

About S&P Global

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.