B. Metzler seel. Sohn & Co. Holding AG Takes Position in S&P Global Inc. (NYSE:SPGI)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in S&P Global Inc. (NYSE:SPGI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 435,476 shares of the business services provider’s stock, valued at approximately $224,976,000. S&P Global accounts for 2.2% of B. Metzler seel. Sohn & Co. Holding AG’s investment portfolio, making the stock its 11th biggest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Swedbank AB bought a new stake in shares of S&P Global in the 1st quarter worth $351,774,000. International Assets Investment Management LLC grew its holdings in S&P Global by 174,815.4% during 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 purchasing an additional 466,757 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of 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 in the last quarter. Third Point LLC purchased a new position in shares of S&P Global in the first quarter valued at about $142,526,000. Finally, Ameriprise Financial Inc. lifted its position in shares of S&P Global by 13.5% in 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 in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on SPGI. Stifel Nicolaus boosted their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. dropped their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Evercore ISI assumed coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective on the stock. UBS Group upped their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Stock Down 0.1 %

S&P Global stock opened at $503.00 on Tuesday. S&P Global Inc. has a twelve month low of $407.53 and a twelve month high of $533.29. The stock’s fifty day simple moving average is $510.21 and its 200-day simple moving average is $480.23. 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 capitalization of $156.08 billion, a P/E ratio of 44.40, a P/E/G ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping 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 business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the prior year, the company earned $3.21 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. As a group, equities analysts expect that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm 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 $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.72%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

S&P Global 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.