Allianz SE Purchases Shares of 16,757 S&P Global Inc. (NYSE:SPGI)

Allianz SE acquired a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 16,757 shares of the business services provider's stock, valued at approximately $8,345,000.

A number of other institutional investors also recently modified their holdings of the company. Howard Capital Management Group LLC grew its stake in S&P Global by 3.2% in the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock valued at $471,000 after purchasing an additional 28 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of S&P Global by 471.1% during the third quarter. Larson Financial Group LLC now owns 217 shares of the business services provider's stock worth $112,000 after purchasing an additional 179 shares during the period. Fisher Asset Management LLC lifted its holdings in S&P Global by 8.2% during the 3rd quarter. Fisher Asset Management LLC now owns 6,519 shares of the business services provider's stock worth $3,368,000 after purchasing an additional 492 shares during the last quarter. CreativeOne Wealth LLC boosted its stake in S&P Global by 53.3% in the 3rd quarter. CreativeOne Wealth LLC now owns 1,410 shares of the business services provider's stock valued at $729,000 after purchasing an additional 490 shares during the period. Finally, Financial Counselors Inc. grew its holdings in S&P Global by 14.5% in the 3rd quarter. Financial Counselors Inc. now owns 12,602 shares of the business services provider's stock valued at $6,510,000 after buying an additional 1,599 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

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S&P Global Trading Up 0.3 %

NYSE SPGI traded up $1.45 on Wednesday, hitting $512.23. The company's stock had a trading volume of 354,391 shares, compared to its average volume of 1,215,004. The company's 50-day moving average is $515.35 and its 200 day moving average is $509.96. The firm has a market cap of $160.76 billion, a PE ratio of 41.48, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating analysts' consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period last year, the firm posted $3.13 EPS. As a group, analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.96 dividend. This is a positive change from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.75%. S&P Global's payout ratio is presently 31.09%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Oppenheimer lowered their price target on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. Evercore ISI raised their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. UBS Group boosted their price target on S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Citigroup assumed coverage on S&P Global in a research report on Friday, December 20th. They set a "buy" rating and a $600.00 price target on the stock. Finally, BMO Capital Markets lifted their price objective on S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, S&P Global currently has a consensus rating of "Moderate Buy" and a consensus price target of $590.86.

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.