APG Asset Management N.V. Increases Stock Position in S&P Global Inc. (NYSE:SPGI)

APG Asset Management N.V. increased its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 1,384.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 290,500 shares of the business services provider's stock after purchasing an additional 270,930 shares during the quarter. APG Asset Management N.V. owned approximately 0.09% of S&P Global worth $139,718,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. EWA LLC boosted its stake in shares of S&P Global by 4.2% during the third quarter. EWA LLC now owns 498 shares of the business services provider's stock valued at $254,000 after purchasing an additional 20 shares during the period. Continuum Advisory LLC increased its stake in shares of S&P Global by 1.3% in the third quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider's stock worth $788,000 after buying an additional 20 shares during the period. Parkside Financial Bank & Trust raised its holdings in S&P Global by 2.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock valued at $515,000 after buying an additional 20 shares during the last quarter. Personal CFO Solutions LLC boosted its position in S&P Global by 3.1% during the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock valued at $336,000 after buying an additional 20 shares during the period. Finally, Anfield Capital Management LLC grew its holdings in S&P Global by 25.6% in the 4th quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock worth $54,000 after acquiring an additional 22 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of research analysts recently issued reports on SPGI shares. Wells Fargo & Company boosted their price target on S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Bank of America initiated coverage on S&P Global in a research note on Thursday. They set a "buy" rating and a $600.00 target price on the stock. Evercore ISI raised their price target on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Mizuho initiated coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective for the company. Finally, BMO Capital Markets lifted their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $595.14.

S&P Global Stock Up 1.6 %

Shares of NYSE SPGI traded up $7.38 on Friday, reaching $465.14. 1,045,172 shares of the company's stock traded hands, compared to its average volume of 1,243,081. The business's 50 day simple moving average is $504.81 and its two-hundred day simple moving average is $506.17. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The company has a market cap of $145.98 billion, a price-to-earnings ratio of 37.66, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. 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 posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share 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 quarter last year, the firm posted $3.13 earnings per share. As a group, equities research analysts forecast that S&P Global Inc. will post 17.11 EPS 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. Stockholders of record on Wednesday, February 26th were given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Wednesday, February 26th. This is a positive change from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is currently 31.09%.

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.