Bell Bank Has $1.23 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Bell Bank decreased its position in S&P Global Inc. (NYSE:SPGI) by 9.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,376 shares of the business services provider’s stock after selling 241 shares during the period. Bell Bank’s holdings in S&P Global were worth $1,227,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the business. Swedbank AB bought a new stake in shares of S&P Global in the 1st quarter valued at approximately $351,774,000. International Assets Investment Management LLC grew its position in S&P Global by 174,815.4% in the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after acquiring an additional 466,757 shares during the period. Assenagon Asset Management S.A. grew its position in S&P Global by 352.2% in the second quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock valued at $206,669,000 after acquiring an additional 360,909 shares during the period. Third Point LLC acquired a new position in S&P Global during the first quarter worth $142,526,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of S&P Global by 13.5% during the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after acquiring an additional 298,645 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SPGI shares. Oppenheimer lifted their price target on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Stifel Nicolaus lifted their price objective on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Morgan Stanley increased their target price on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. reduced their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Stock Performance

SPGI stock opened at $510.29 on Thursday. S&P Global Inc. has a 1-year low of $398.73 and a 1-year high of $533.29. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm has a market cap of $158.34 billion, a PE ratio of 45.04, a P/E/G ratio of 2.57 and a beta of 1.18. The business’s 50-day moving average price is $510.80 and its two-hundred day moving average price is $477.67.

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 for the quarter, beating the consensus estimate 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 business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the previous year, the business posted $3.21 EPS. S&P Global’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, research analysts forecast that S&P Global Inc. will post 15.25 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be paid a $0.91 dividend. 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 dividend payout ratio is 32.13%.

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.