Capital Research Global Investors Buys 14,122 Shares of S&P Global Inc. (NYSE:SPGI)

Capital Research Global Investors lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,636,182 shares of the business services provider's stock after purchasing an additional 14,122 shares during the period. Capital Research Global Investors owned 0.53% of S&P Global worth $814,868,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. First Trust Advisors LP lifted its stake in shares of S&P Global by 356.0% in the fourth quarter. First Trust Advisors LP now owns 106,406 shares of the business services provider's stock valued at $52,993,000 after buying an additional 83,070 shares in the last quarter. Forum Financial Management LP raised its holdings in shares of S&P Global by 19.1% in the fourth quarter. Forum Financial Management LP now owns 2,984 shares of the business services provider's stock valued at $1,486,000 after purchasing an additional 479 shares during the last quarter. GeoWealth Management LLC lifted its position in shares of S&P Global by 14.4% during the fourth quarter. GeoWealth Management LLC now owns 4,595 shares of the business services provider's stock valued at $2,288,000 after purchasing an additional 578 shares in the last quarter. Capital International Sarl boosted its holdings in S&P Global by 4.1% during the fourth quarter. Capital International Sarl now owns 61,139 shares of the business services provider's stock worth $30,449,000 after purchasing an additional 2,404 shares during the last quarter. Finally, Allred Capital Management LLC boosted its holdings in S&P Global by 22.3% during the fourth quarter. Allred Capital Management LLC now owns 1,730 shares of the business services provider's stock worth $862,000 after purchasing an additional 316 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Price Performance

Shares of NYSE SPGI traded up $4.42 during trading hours on Wednesday, reaching $470.84. 1,232,137 shares of the stock traded hands, compared to its average volume of 1,239,265. The company's 50-day simple moving average is $496.18 and its two-hundred day simple moving average is $503.76. The company has a market capitalization of $147.77 billion, a P/E ratio of 38.12, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. S&P Global Inc. has a 52-week low of $407.69 and a 52-week 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 announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping 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 last year, the business posted $3.13 earnings per share. Equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.82%. 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 31.09%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent analyst reports. UBS Group lifted their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Oppenheimer cut their price objective on 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. Mizuho started coverage on S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective for the company. Morgan Stanley lifted their target price on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Finally, StockNews.com lowered shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, S&P Global currently has an average rating of "Moderate Buy" and an average price target of $591.86.

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.