BlueSpruce Investments LP Reduces Holdings in S&P Global Inc. $SPGI

BlueSpruce Investments LP cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 27.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 566,049 shares of the business services provider’s stock after selling 212,435 shares during the quarter. S&P Global makes up approximately 6.9% of BlueSpruce Investments LP’s holdings, making the stock its 8th biggest holding. BlueSpruce Investments LP’s holdings in S&P Global were worth $298,472,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Avantax Advisory Services Inc. increased its holdings in S&P Global by 4.1% during the second quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock valued at $11,314,000 after buying an additional 850 shares during the period. Divergent Planning LLC bought a new stake in S&P Global during the 2nd quarter valued at $303,000. Vanguard Group Inc. boosted its position in S&P Global by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock valued at $15,868,750,000 after acquiring an additional 315,916 shares in the last quarter. Ninety One UK Ltd increased its holdings in shares of S&P Global by 0.8% in the 2nd quarter. Ninety One UK Ltd now owns 928,559 shares of the business services provider’s stock valued at $489,620,000 after acquiring an additional 7,553 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its position in shares of S&P Global by 6.3% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock worth $6,568,000 after acquiring an additional 733 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SPGI shares. Citigroup raised their price objective on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research report on Monday, September 15th. William Blair restated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Wells Fargo & Company lifted their price objective on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. BMO Capital Markets set a $546.00 target price on shares of S&P Global in a research report on Friday, November 14th. Finally, Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $613.00.

S&P Global Stock Up 0.7%

NYSE:SPGI opened at $500.95 on Friday. The company has a market cap of $151.69 billion, a PE ratio of 36.43, a P/E/G ratio of 2.59 and a beta of 1.19. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $490.15 and its two-hundred day moving average is $514.66.

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 firm had revenue of $1.87 billion for the quarter. Analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

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