Baillie Gifford & Co. Has $424.87 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Baillie Gifford & Co. lowered its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 12.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 853,110 shares of the business services provider's stock after selling 119,826 shares during the quarter. Baillie Gifford & Co. owned 0.27% of S&P Global worth $424,874,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in shares of S&P Global during the 3rd quarter worth $27,000. First Personal Financial Services acquired a new position in shares of S&P Global during the 3rd quarter worth $29,000. Capital Performance Advisors LLP acquired a new position in shares of S&P Global during the 3rd quarter worth $31,000. Voisard Asset Management Group Inc. increased its stake in shares of S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider's stock worth $32,000 after purchasing an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC increased its stake in shares of S&P Global by 94.4% during the 3rd 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 last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Evercore ISI increased their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Morgan Stanley upped their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Wells Fargo & Company upped their price objective on shares of S&P Global from $617.00 to $633.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Oppenheimer decreased their price objective on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Finally, Citigroup started coverage on shares of S&P Global in a report on Friday, December 20th. They set a "buy" rating and a $600.00 price objective for the company. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $590.23.

S&P Global Stock Performance

S&P Global stock traded down $6.49 during mid-day trading on Thursday, reaching $536.21. The company had a trading volume of 1,308,755 shares, compared to its average volume of 1,360,406. 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 Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The company has a 50 day moving average of $509.06 and a 200-day moving average of $508.41. The firm has a market cap of $165.05 billion, a price-to-earnings ratio of 43.42, a PEG ratio of 2.44 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period in the previous year, the business posted $3.13 earnings per share. On average, sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a $0.96 dividend. This is a boost from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.72%. S&P Global's dividend payout ratio is currently 29.47%.

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.