AMF Tjanstepension AB Sells 75,514 Shares of S&P Global Inc. (NYSE:SPGI)

AMF Tjanstepension AB lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 66.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 38,698 shares of the business services provider’s stock after selling 75,514 shares during the quarter. AMF Tjanstepension AB’s holdings in S&P Global were worth $16,469,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of S&P Global during the 4th quarter valued at approximately $1,652,862,000. Wellington Management Group LLP boosted its holdings in S&P Global by 13.2% in the 3rd quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock worth $2,769,787,000 after buying an additional 881,215 shares during the period. Capital International Investors raised its holdings in S&P Global by 12.6% during the fourth quarter. Capital International Investors now owns 5,502,039 shares of the business services provider’s stock valued at $2,423,762,000 after acquiring an additional 616,732 shares during the period. Morgan Stanley lifted its position in shares of S&P Global by 8.2% in the third quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock valued at $2,067,807,000 after acquiring an additional 428,737 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of S&P Global by 35.5% in the third quarter. The Manufacturers Life Insurance Company now owns 1,179,024 shares of the business services provider’s stock worth $430,827,000 after acquiring an additional 308,683 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent analyst reports. Stifel Nicolaus lifted their price objective on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of S&P Global in a report on Friday, June 21st. 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. Finally, Oppenheimer upped their price target on shares of S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and an average target price of $467.89.

S&P Global Price Performance

NYSE SPGI opened at $446.00 on Friday. The company has a market cap of $139.55 billion, a PE ratio of 50.00, a P/E/G ratio of 2.50 and a beta of 1.15. S&P Global Inc. has a 52-week low of $340.49 and a 52-week high of $461.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s 50 day moving average price is $431.45 and its 200-day moving average price is $431.72.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Sell-side analysts forecast that S&P Global Inc. will post 14.1 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s payout ratio is currently 40.81%.

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.