TCI Fund Management Ltd. Raises Holdings in S&P Global Inc. $SPGI

TCI Fund Management Ltd. raised its position in S&P Global Inc. (NYSE:SPGI) by 7.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,091,623 shares of the business services provider’s stock after buying an additional 730,354 shares during the period. S&P Global comprises 11.5% of TCI Fund Management Ltd.’s investment portfolio, making the stock its 5th biggest position. TCI Fund Management Ltd. owned approximately 3.63% of S&P Global worth $5,848,502,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPGI. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new stake in shares of S&P Global during the second quarter worth $1,055,000. Sagard Holdings Management Inc. acquired a new stake in S&P Global in the 2nd quarter valued at about $60,000. Gerber Kawasaki Wealth & Investment Management grew its holdings in shares of S&P Global by 6.6% during the 2nd quarter. Gerber Kawasaki Wealth & Investment Management now owns 534 shares of the business services provider’s stock valued at $282,000 after acquiring an additional 33 shares in the last quarter. Crestmont Private Wealth LLC increased its stake in shares of S&P Global by 2.2% in the second quarter. Crestmont Private Wealth LLC now owns 1,682 shares of the business services provider’s stock worth $887,000 after purchasing an additional 36 shares during the period. Finally, L2 Asset Management LLC grew its position in S&P Global by 1.7% in the second quarter. L2 Asset Management LLC now owns 1,375 shares of the business services provider’s stock valued at $725,000 after acquiring an additional 23 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SPGI shares. Morgan Stanley boosted their target price on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, October 9th. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. William Blair restated an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. JPMorgan Chase & Co. lowered their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Finally, Evercore ISI upped their price objective on S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company’s stock. According to data from MarketBeat, S&P Global has a consensus rating of “Buy” and a consensus target price of $613.00.

S&P Global Stock Performance

Shares of SPGI opened at $491.97 on Tuesday. The company has a market capitalization of $148.97 billion, a price-to-earnings ratio of 35.78, a PEG ratio of 2.59 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The company’s 50 day simple moving average is $489.04 and its 200 day simple moving average is $515.16.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The business had revenue of $1.87 billion during the quarter. On average, sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s payout ratio is 27.93%.

S&P Global 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.