Flossbach Von Storch SE Acquires 10,836 Shares of S&P Global Inc. $SPGI

Flossbach Von Storch SE lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 1.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 731,305 shares of the business services provider’s stock after acquiring an additional 10,836 shares during the quarter. S&P Global accounts for approximately 1.4% of Flossbach Von Storch SE’s holdings, making the stock its 25th largest position. Flossbach Von Storch SE’s holdings in S&P Global were worth $355,933,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Avantax Advisory Services Inc. increased its stake in shares of S&P Global by 4.1% in the 2nd quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock valued at $11,314,000 after acquiring an additional 850 shares in the last quarter. Vanguard Group Inc. grew its holdings in 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 purchasing an additional 315,916 shares during the period. Asset Management One Co. Ltd. grew its holdings in S&P Global by 4.4% in the third quarter. Asset Management One Co. Ltd. now owns 171,580 shares of the business services provider’s stock worth $83,510,000 after purchasing an additional 7,179 shares during the period. Ninety One UK Ltd increased its stake in S&P Global by 0.8% in the second quarter. Ninety One UK Ltd now owns 928,559 shares of the business services provider’s stock valued at $489,620,000 after purchasing an additional 7,553 shares in the last quarter. Finally, Pictet North America Advisors SA increased its stake in S&P Global by 9.8% in the third quarter. Pictet North America Advisors SA now owns 29,277 shares of the business services provider’s stock valued at $14,249,000 after purchasing an additional 2,606 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on SPGI. The Goldman Sachs Group reissued a “buy” rating and set a $640.00 price objective on shares of S&P Global in a research report on Tuesday, December 16th. Mizuho increased their price target on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. JPMorgan Chase & Co. decreased their price objective on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a report on Friday, October 31st. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Finally, Seaport Research Partners upgraded S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. According to MarketBeat, S&P Global currently has a consensus rating of “Buy” and a consensus price target of $615.64.

S&P Global Stock Performance

Shares of SPGI opened at $528.01 on Thursday. The firm has a market capitalization of $159.88 billion, a P/E ratio of 38.40, a P/E/G ratio of 2.24 and a beta of 1.21. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The stock has a 50 day moving average price of $517.17 and a two-hundred day moving average price of $517.35. 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 (NYSE:SPGI) last announced its earnings results on Thursday, October 30th. The business services provider reported $4.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.26 by $0.47. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the previous year, the firm earned $3.89 earnings per share. S&P Global’s quarterly revenue was up 8.8% on a year-over-year basis. Equities 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 will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be paid a dividend of $0.97 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date is Wednesday, February 25th. This represents a $3.88 annualized dividend and a yield of 0.7%. S&P Global’s dividend payout ratio (DPR) is 27.93%.

S&P Global 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.