Foster Dykema Cabot & Partners LLC Acquires 1,034 Shares of S&P Global Inc. (NYSE:SPGI)

Foster Dykema Cabot & Partners LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 57.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,839 shares of the business services provider's stock after purchasing an additional 1,034 shares during the quarter. Foster Dykema Cabot & Partners LLC's holdings in S&P Global were worth $1,414,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SPGI. Norges Bank acquired a new stake in shares of S&P Global during the fourth quarter worth approximately $1,725,084,000. Raymond James Financial Inc. bought a new position in S&P Global in the 4th quarter valued at $527,207,000. Proficio Capital Partners LLC boosted its stake in S&P Global by 71,024.1% in the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock worth $308,525,000 after purchasing an additional 618,620 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of S&P Global in the fourth quarter valued at $144,091,000. Finally, APG Asset Management N.V. lifted its position in shares of S&P Global by 1,384.4% during the fourth quarter. APG Asset Management N.V. now owns 290,500 shares of the business services provider's stock worth $139,718,000 after purchasing an additional 270,930 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

NYSE:SPGI traded up $15.21 during mid-day trading on Tuesday, reaching $464.20. The stock had a trading volume of 460,283 shares, compared to its average volume of 1,240,471. The stock has a 50-day simple moving average of $497.69 and a two-hundred day simple moving average of $504.02. The stock has a market capitalization of $145.68 billion, a PE ratio of 37.61, a P/E/G ratio of 2.41 and a beta of 1.26. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results 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 return on equity of 14.33% and a net margin of 27.12%. During the same period in the previous year, the firm earned $3.13 EPS. On average, equities analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Wednesday, February 26th. This is a boost from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is presently 31.09%.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of 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 report on Tuesday, February 18th. Bank of America started coverage on S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target on the stock. Evercore ISI increased their target price 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 boosted their price target on 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, StockNews.com downgraded shares of S&P Global from a "buy" rating to a "hold" rating in a research note 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.