AMF Tjanstepension AB Has $16.47 Million Holdings in S&P Global Inc. (NYSE:SPGI)

AMF Tjanstepension AB trimmed its stake in S&P Global Inc. (NYSE:SPGI) by 66.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,698 shares of the business services provider’s stock after selling 75,514 shares during the period. AMF Tjanstepension AB’s holdings in S&P Global were worth $16,469,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Private Wealth Management Group LLC acquired a new stake in shares of S&P Global during the 4th quarter valued at about $26,000. Pineridge Advisors LLC bought a new stake in shares of S&P Global in the 4th quarter valued at approximately $26,000. Valued Wealth Advisors LLC acquired a new position in shares of S&P Global in the 4th quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group lifted its position in shares of S&P Global by 64.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after buying an additional 25 shares during the period. Finally, LFA Lugano Financial Advisors SA boosted its stake in S&P Global by 200.0% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SPGI shares. Stifel Nicolaus increased their price objective on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a report on Friday, April 26th. BMO Capital Markets upped their price objective on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Barclays lifted their target price on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Finally, Oppenheimer lifted their price objective on S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $467.89.

S&P Global Stock Down 0.6 %

S&P Global stock opened at $446.00 on Friday. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $461.16. The firm has a market capitalization of $139.55 billion, a PE ratio of 50.00, a P/E/G ratio of 2.50 and a beta of 1.15. The company’s 50-day moving average is $431.45 and its 200-day moving average is $431.72. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.39 billion. Sell-side analysts anticipate that S&P Global Inc. will post 14.1 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.82%. The ex-dividend date is Tuesday, August 27th. S&P Global’s payout ratio is presently 40.81%.

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.