BSN CAPITAL PARTNERS Ltd Buys New Position in S&P Global Inc. $SPGI

BSN CAPITAL PARTNERS Ltd bought a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 194 shares of the business services provider’s stock, valued at approximately $100,000. S&P Global comprises about 0.0% of BSN CAPITAL PARTNERS Ltd’s holdings, making the stock its 15th largest position.

Other hedge funds also recently modified their holdings of the company. Cheviot Value Management LLC purchased a new position in shares of S&P Global during the first quarter valued at approximately $26,000. Costello Asset Management INC purchased a new position in shares of S&P Global during the first quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of S&P Global during the second quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of S&P Global during the first quarter valued at approximately $28,000. Finally, CBIZ Investment Advisory Services LLC boosted its position in shares of S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after buying an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Morgan Stanley boosted their price objective on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday. BMO Capital Markets boosted their price objective on S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. raised their price objective on shares of S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $614.85.

S&P Global Stock Performance

Shares of SPGI opened at $486.39 on Friday. The firm has a market cap of $148.49 billion, a PE ratio of 37.41, a PEG ratio of 2.58 and a beta of 1.19. The stock’s fifty day moving average price is $529.93 and its two-hundred day moving average price is $514.29. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05.

S&P Global (NYSE:SPGI) last issued its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The firm had revenue of $1.87 billion for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. On average, equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s payout ratio is presently 29.54%.

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.