S&P Global Inc. $SPGI Shares Bought by ABN AMRO Bank N.V.

ABN AMRO Bank N.V. lifted its position in S&P Global Inc. (NYSE:SPGI) by 14.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 670,551 shares of the business services provider’s stock after acquiring an additional 85,272 shares during the period. S&P Global comprises approximately 3.2% of ABN AMRO Bank N.V.’s holdings, making the stock its 5th largest position. ABN AMRO Bank N.V. owned approximately 0.22% of S&P Global worth $325,465,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of S&P Global by 1.1% in the second quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock worth $15,868,750,000 after buying an additional 315,916 shares during the period. TCI Fund Management Ltd. lifted its stake in S&P Global by 7.0% in the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after acquiring an additional 730,354 shares in the last quarter. Geode Capital Management LLC boosted its position in S&P Global by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock worth $3,565,889,000 after acquiring an additional 42,724 shares during the period. Norges Bank acquired a new stake in S&P Global during the 2nd quarter worth about $2,188,945,000. Finally, Legal & General Group Plc grew its stake in S&P Global by 1.3% during the 2nd quarter. Legal & General Group Plc now owns 2,135,004 shares of the business services provider’s stock valued at $1,125,766,000 after acquiring an additional 26,945 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 have recently weighed in on SPGI. Stifel Nicolaus dropped their price target on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Morgan Stanley boosted their target price on shares of S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. William Blair reiterated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. The Goldman Sachs Group reiterated a “buy” rating and set a $640.00 target price on shares of S&P Global in a research note on Tuesday, December 16th. Finally, JPMorgan Chase & Co. reduced their price target on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $615.64.

S&P Global Stock Performance

NYSE:SPGI opened at $464.65 on Thursday. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $140.70 billion, a PE ratio of 33.79, a price-to-earnings-growth ratio of 1.99 and a beta of 1.20. The firm has a 50-day moving average price of $518.20 and a 200 day moving average price of $516.57.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, February 25th. This is a boost from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s payout ratio is currently 27.93%.

S&P Global Company Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.