B. Metzler seel. Sohn & Co. Holding AG Takes Position in S&P Global Inc. (NYSE:SPGI)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 435,476 shares of the business services provider's stock, valued at approximately $224,976,000. S&P Global makes up about 2.2% of B. Metzler seel. Sohn & Co. Holding AG's investment portfolio, making the stock its 11th largest position. B. Metzler seel. Sohn & Co. Holding AG owned approximately 0.14% of S&P Global as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in SPGI. Capital International Investors boosted its position in shares of S&P Global by 5.3% in the 1st quarter. Capital International Investors now owns 5,793,751 shares of the business services provider's stock valued at $2,464,951,000 after purchasing an additional 291,712 shares during the period. Legal & General Group Plc lifted its stake in S&P Global by 1.0% during the second quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider's stock valued at $1,260,665,000 after buying an additional 29,227 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of S&P Global by 13.5% in the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider's stock worth $1,115,697,000 after buying an additional 298,645 shares during the period. Clearbridge Investments LLC raised its holdings in shares of S&P Global by 1.4% during the second quarter. Clearbridge Investments LLC now owns 1,461,169 shares of the business services provider's stock valued at $651,682,000 after acquiring an additional 20,624 shares during the period. Finally, Fayez Sarofim & Co raised its holdings in shares of S&P Global by 0.6% during the first quarter. Fayez Sarofim & Co now owns 1,458,141 shares of the business services provider's stock valued at $620,366,000 after acquiring an additional 8,435 shares during the period. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

SPGI stock traded down $0.69 during midday trading on Tuesday, hitting $502.31. 1,325,732 shares of the company traded hands, compared to its average volume of 1,210,792. S&P Global Inc. has a twelve month low of $407.53 and a twelve month high of $533.29. The stock has a market capitalization of $155.87 billion, a price-to-earnings ratio of 44.40, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The business has a 50 day simple moving average of $510.21 and a 200-day simple moving average of $480.23.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. S&P Global's revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business posted $3.21 EPS. As a group, equities research analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.72%. S&P Global's payout ratio is 32.13%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Raymond James downgraded shares of S&P Global from an "outperform" rating to a "market perform" rating in a research note on Monday, September 23rd. Royal Bank of Canada raised their price objective on S&P Global from $500.00 to $552.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. Wells Fargo & Company upped their target price on S&P Global from $575.00 to $620.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Barclays boosted their price objective on shares of S&P Global from $550.00 to $610.00 and gave the company an "overweight" rating in a research report on Friday, September 13th. Finally, BMO Capital Markets cut their target price on shares of S&P Global from $589.00 to $564.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $571.31.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.