J. Safra Sarasin Holding AG Boosts Stock Position in S&P Global Inc. (NYSE:SPGI)

J. Safra Sarasin Holding AG grew its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 130.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,744 shares of the business services provider's stock after buying an additional 2,117 shares during the period. J. Safra Sarasin Holding AG's holdings in S&P Global were worth $1,865,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust lifted its stake in shares of S&P Global by 2.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock worth $515,000 after acquiring an additional 20 shares during the last quarter. Personal CFO Solutions LLC increased its stake in S&P Global by 3.1% in the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock worth $336,000 after purchasing an additional 20 shares during the period. Anfield Capital Management LLC boosted its stake in shares of S&P Global by 25.6% during the fourth quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock valued at $54,000 after purchasing an additional 22 shares during the period. Invenio Wealth Partners LLC grew its holdings in shares of S&P Global by 4.0% in the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock worth $286,000 after purchasing an additional 22 shares during the last quarter. Finally, Wedge Capital Management L L P NC grew its holdings in shares of S&P Global by 4.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider's stock worth $265,000 after purchasing an additional 23 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Down 0.2 %

NYSE:SPGI traded down $0.93 during mid-day trading on Friday, hitting $480.33. 979,053 shares of the company's stock traded hands, compared to its average volume of 1,224,987. The company has a fifty day moving average of $492.37 and a 200 day moving average of $503.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a twelve month low of $408.84 and a twelve month high of $545.39. The company has a market capitalization of $150.75 billion, a P/E ratio of 38.89, a P/E/G ratio of 2.41 and a beta of 1.26.

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, 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 period last year, the company posted $3.13 earnings per share. On average, 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 declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a $0.96 dividend. The ex-dividend date was Wednesday, February 26th. This is a positive change from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 0.80%. S&P Global's dividend payout ratio (DPR) is currently 31.09%.

Analysts Set New Price Targets

A number of brokerages have commented on SPGI. Mizuho started coverage on shares of S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price on the stock. Morgan Stanley raised their price objective on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. StockNews.com lowered S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Bank of America began coverage on shares of S&P Global in a research note on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective for the company. Finally, Oppenheimer cut their target price on shares of 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. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $591.86.

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.