Absoluto Partners Gestao de Recursos Ltda Sells 2,558 Shares of S&P Global Inc. $SPGI

Absoluto Partners Gestao de Recursos Ltda lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 86.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 417 shares of the business services provider’s stock after selling 2,558 shares during the period. S&P Global comprises about 0.1% of Absoluto Partners Gestao de Recursos Ltda’s investment portfolio, making the stock its 27th biggest holding. Absoluto Partners Gestao de Recursos Ltda’s holdings in S&P Global were worth $220,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of S&P Global in the second quarter worth about $2,188,945,000. Valeo Financial Advisors LLC lifted its holdings in S&P Global by 70,734.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after buying an additional 3,163,938 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in S&P Global by 3,430.6% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock worth $819,699,000 after buying an additional 1,510,540 shares during the period. TCI Fund Management Ltd. grew its position in shares of 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 buying an additional 730,354 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of S&P Global by 26.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock valued at $1,497,493,000 after buying an additional 614,809 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the subject of a number of recent analyst reports. Morgan Stanley raised their price target on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. decreased their price objective 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. Wells Fargo & Company lifted their target price on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Mizuho boosted their price target on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. According to MarketBeat.com, S&P Global presently has a consensus rating of “Buy” and a consensus price target of $613.00.

S&P Global Stock Performance

Shares of SPGI opened at $500.95 on Friday. 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 stock has a market cap of $151.69 billion, a P/E ratio of 36.43, a P/E/G ratio of 2.59 and a beta of 1.19. The business’s 50 day moving average price is $490.15 and its 200-day moving average price is $514.66. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05.

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 (EPS) for the quarter. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The business had revenue of $1.87 billion during the quarter. Equities research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th were given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, November 25th. S&P Global’s payout ratio is currently 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.