Corebridge Financial Inc. Has $44.15 Million Stake in S&P Global Inc. (NYSE:SPGI)

Corebridge Financial Inc. reduced its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 88,644 shares of the business services provider's stock after selling 1,566 shares during the quarter. Corebridge Financial Inc.'s holdings in S&P Global were worth $44,147,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in shares of S&P Global by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider's stock valued at $4,581,580,000 after purchasing an additional 292,436 shares in the last quarter. Geode Capital Management LLC grew its stake in S&P Global by 1.8% during the third quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider's stock worth $3,332,016,000 after buying an additional 113,146 shares during the period. FMR LLC raised its stake in shares of 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 acquiring an additional 369,598 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of S&P Global by 1.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider's stock valued at $1,401,909,000 after acquiring an additional 28,458 shares in the last quarter. Finally, Amundi raised its position in S&P Global by 6.6% in the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider's stock valued at $1,162,979,000 after purchasing an additional 145,434 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

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Analysts Set New Price Targets

SPGI has been the topic of several analyst reports. UBS Group lifted their price target on shares of S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Oppenheimer decreased their price target on S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. Evercore ISI lifted their price objective on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. BMO Capital Markets raised their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Finally, Wells Fargo & Company boosted their price objective on shares of S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $590.86.

S&P Global Stock Performance

S&P Global stock traded up $9.89 during trading hours on Tuesday, hitting $513.83. The stock had a trading volume of 1,350,988 shares, compared to its average volume of 1,154,689. The company has a market cap of $158.16 billion, a PE ratio of 41.61, a price-to-earnings-growth 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. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The company has a 50-day moving average of $514.89 and a two-hundred day moving average of $510.33.

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 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 quarter in the prior year, the company earned $3.13 EPS. On average, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company 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 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Wednesday, February 26th. This is an increase from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is currently 31.09%.

About S&P Global

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.