Blueshift Asset Management LLC Acquires Shares of 1,199 S&P Global Inc. (NYSE:SPGI)

Blueshift Asset Management LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,199 shares of the business services provider's stock, valued at approximately $597,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in shares of S&P Global in the fourth quarter valued at about $527,207,000. Proficio Capital Partners LLC raised its position in S&P Global by 71,024.1% in the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock valued at $308,525,000 after buying an additional 618,620 shares during the last quarter. FMR LLC raised its position in S&P Global by 6.6% in the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider's stock valued at $3,081,830,000 after buying an additional 369,598 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in S&P Global in the 4th quarter valued at approximately $144,091,000. Finally, Wellington Management Group LLP boosted its position in S&P Global by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider's stock worth $4,581,580,000 after acquiring an additional 292,436 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of NYSE SPGI traded up $9.89 during mid-day trading on Tuesday, reaching $513.83. 1,350,988 shares of the company were exchanged, compared to its average volume of 1,155,440. The stock has a market capitalization of $158.16 billion, a P/E ratio of 41.61, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The company's 50-day simple moving average is $514.28 and its 200-day simple moving average is $510.31. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39.

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S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping 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 in the prior year, the firm earned $3.13 earnings per share. As a group, research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

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

Wall Street Analyst Weigh In

SPGI has been the topic of a number of recent research reports. Mizuho assumed 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 on the stock. Oppenheimer cut 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. Wells Fargo & Company raised their price objective on S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Evercore ISI upped their target price on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Finally, UBS Group increased their price objective on S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.