Fox Run Management L.L.C. Acquires 902 Shares of S&P Global Inc. (NYSE:SPGI)

Fox Run Management L.L.C. increased its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 126.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,617 shares of the business services provider's stock after purchasing an additional 902 shares during the quarter. Fox Run Management L.L.C.'s holdings in S&P Global were worth $805,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in 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 worth $4,581,580,000 after buying an additional 292,436 shares during the period. Geode Capital Management LLC increased its position 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 acquiring an additional 113,146 shares during the period. FMR LLC raised its stake in S&P Global by 6.6% during 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 purchasing an additional 369,598 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in S&P Global by 1.1% in 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 purchasing an additional 28,458 shares during the period. Finally, Amundi boosted its holdings in S&P Global by 6.6% in the 4th 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 own 87.17% of the company's stock.

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S&P Global Trading Up 2.0 %

SPGI stock traded up $9.89 during midday trading on Tuesday, reaching $513.83. The company's stock had a trading volume of 1,350,988 shares, compared to its average volume of 1,154,689. The business's 50-day simple moving average is $514.28 and its 200-day simple moving average is $510.31. The stock 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. 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 EPS for the quarter, topping 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 quarter in the previous year, the firm earned $3.13 earnings per share. As a group, sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a dividend of $0.96 per share. This is a positive change from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.75%. S&P Global's dividend payout ratio (DPR) is presently 31.09%.

Analysts Set New Price Targets

A number of brokerages have recently commented on SPGI. Morgan Stanley increased their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Citigroup started coverage on S&P Global in a research note on Friday, December 20th. They issued a "buy" rating and a $600.00 price objective on the stock. BMO Capital Markets upped their target price on shares of S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. 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 research report on Wednesday, February 12th. Finally, StockNews.com cut shares of S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Three 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 presently has an average rating of "Moderate Buy" and a consensus price target 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.