Sava Infond d.o.o. Purchases New Position in S&P Global Inc. (NYSE:SPGI)

Sava Infond d.o.o. bought a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 8,848 shares of the business services provider's stock, valued at approximately $4,407,000. S&P Global makes up approximately 0.8% of Sava Infond d.o.o.'s investment portfolio, making the stock its 27th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Human Investing LLC bought a new position in shares of S&P Global during the 4th quarter worth approximately $30,000. Noble Wealth Management PBC acquired a new stake in S&P Global during the 4th quarter valued at $31,000. Dunhill Financial LLC boosted its position in S&P Global by 94.4% during the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock worth $36,000 after purchasing an additional 34 shares during the period. Sound Income Strategies LLC increased its holdings in shares of S&P Global by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock valued at $36,000 after purchasing an additional 63 shares during the last quarter. Finally, BankPlus Trust Department bought a new position in shares of S&P Global in the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Trading Down 1.2 %

Shares of SPGI traded down $6.31 during mid-day trading on Friday, reaching $502.33. The company's stock had a trading volume of 1,140,449 shares, compared to its average volume of 1,220,368. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The company's fifty day moving average price is $515.20 and its two-hundred day moving average price is $510.14. The stock has a market cap of $157.65 billion, a PE ratio of 40.67, a P/E/G ratio of 2.41 and a beta of 1.20.

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S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter last year, the business earned $3.13 earnings per share. On average, 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 business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a $0.96 dividend. This is a boost from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global's payout ratio is 31.09%.

Wall Street Analyst Weigh In

A number of brokerages have commented on SPGI. Citigroup initiated coverage on S&P Global in a report on Friday, December 20th. They issued a "buy" rating and a $600.00 price objective on the stock. StockNews.com cut shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. UBS Group boosted their target price on shares of S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Mizuho started coverage on shares of S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price target on the stock. Finally, Evercore ISI lifted their price target on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $590.86.

S&P Global Company 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.