Banco Santander S.A. Has $2.76 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Banco Santander S.A. reduced its holdings in S&P Global Inc. (NYSE:SPGI) by 84.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,337 shares of the business services provider’s stock after selling 30,010 shares during the period. Banco Santander S.A.’s holdings in S&P Global were worth $2,757,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. HWG Holdings LP purchased a new position in S&P Global during the second quarter valued at approximately $27,000. Northwest Investment Counselors LLC acquired a new stake in S&P Global during the third quarter valued at $27,000. Sachetta LLC boosted its position in S&P Global by 103.4% during the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares during the last quarter. First Personal Financial Services purchased a new position in S&P Global in the third quarter valued at about $29,000. Finally, Hobbs Group Advisors LLC acquired a new position in S&P Global in the 2nd quarter worth about $31,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on SPGI shares. BMO Capital Markets dropped their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Barclays upped their price objective on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. UBS Group raised their target price on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Evercore ISI assumed coverage on S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective on the stock. Finally, Robert W. Baird boosted their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, S&P Global has an average rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Stock Up 1.8 %

Shares of SPGI stock opened at $512.26 on Friday. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a fifty day moving average price of $509.45 and a 200 day moving average price of $481.15. The stock has a market cap of $158.96 billion, a P/E ratio of 45.21, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the firm earned $3.21 EPS. Analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s payout ratio is 32.13%.

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.