Skandinaviska Enskilda Banken AB publ Sells 1,318 Shares of S&P Global Inc. (NYSE:SPGI)

Skandinaviska Enskilda Banken AB publ lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 178,288 shares of the business services provider’s stock after selling 1,318 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in S&P Global were worth $88,791,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in shares of S&P Global during the 4th quarter valued at $527,207,000. Proficio Capital Partners LLC raised its stake in shares of S&P Global by 71,024.1% in the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock worth $308,525,000 after purchasing an additional 618,620 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of S&P Global in the third quarter worth approximately $224,976,000. FMR LLC raised its stake in S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after buying an additional 369,598 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in S&P Global in the fourth quarter worth about $144,091,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.3 %

Shares of NYSE:SPGI opened at $478.74 on Thursday. The company has a market capitalization of $147.36 billion, a P/E ratio of 38.76, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39. The stock’s fifty day simple moving average is $514.13 and its 200-day simple moving average is $511.23.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period last year, the company posted $3.13 EPS. As a group, equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a $0.96 dividend. The ex-dividend date was Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.80%. S&P Global’s dividend payout ratio (DPR) is 31.09%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Evercore ISI boosted their price objective on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Wells Fargo & Company upped their price objective on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Mizuho initiated coverage on S&P Global in a research report on Wednesday. They set an “outperform” rating and a $599.00 target price for the company. Citigroup started coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Finally, StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $590.86.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.