Flossbach Von Storch SE Purchases 8,549 Shares of S&P Global Inc. (NYSE:SPGI)

Flossbach Von Storch SE grew its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 724,465 shares of the business services provider's stock after acquiring an additional 8,549 shares during the period. S&P Global accounts for approximately 1.4% of Flossbach Von Storch SE's holdings, making the stock its 24th largest position. Flossbach Von Storch SE owned about 0.23% of S&P Global worth $360,805,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SPGI. Boston Financial Mangement LLC raised its stake in shares of S&P Global by 5.2% in the 4th quarter. Boston Financial Mangement LLC now owns 7,933 shares of the business services provider's stock valued at $3,951,000 after acquiring an additional 390 shares in the last quarter. First Bank & Trust grew its holdings in S&P Global by 3.9% during the fourth quarter. First Bank & Trust now owns 4,024 shares of the business services provider's stock valued at $2,004,000 after purchasing an additional 150 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in shares of S&P Global by 9.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 7,952 shares of the business services provider's stock valued at $3,961,000 after purchasing an additional 685 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of S&P Global by 11.0% in the fourth quarter. Handelsbanken Fonder AB now owns 172,334 shares of the business services provider's stock worth $85,828,000 after buying an additional 17,066 shares during the last quarter. Finally, Cumberland Partners Ltd boosted its holdings in shares of S&P Global by 0.3% during the 4th quarter. Cumberland Partners Ltd now owns 98,423 shares of the business services provider's stock worth $49,018,000 after buying an additional 263 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Stock Performance

SPGI traded down $2.38 during trading on Friday, reaching $533.05. 1,335,113 shares of the company's stock were exchanged, compared to its average volume of 1,359,665. 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 market capitalization of $164.07 billion, a P/E ratio of 43.16, a PEG ratio of 2.44 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 business has a 50 day moving average price of $509.53 and a 200 day moving average price of $508.60.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating 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 last year, the company posted $3.13 EPS. As a group, analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business 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 positive change from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Wednesday, February 26th. S&P Global's dividend payout ratio is currently 29.47%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. 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 report on Tuesday. Oppenheimer dropped their price objective on S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. JPMorgan Chase & Co. decreased their target price on S&P Global from $600.00 to $585.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. BMO Capital Markets raised their target price on S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, Evercore ISI upped their price target on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $590.23.

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.