Norges Bank Acquires Shares of 3,463,815 S&P Global Inc. (NYSE:SPGI)

Norges Bank purchased a new position in S&P Global Inc. (NYSE:SPGI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,463,815 shares of the business services provider's stock, valued at approximately $1,725,084,000. Norges Bank owned about 1.12% of S&P Global as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SPGI. Howard Capital Management Group LLC boosted its position in S&P Global by 3.2% in the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock valued at $471,000 after buying an additional 28 shares during the period. Great Valley Advisor Group Inc. grew its stake in S&P Global by 11.7% in the third quarter. Great Valley Advisor Group Inc. now owns 591 shares of the business services provider's stock worth $305,000 after purchasing an additional 62 shares in the last quarter. Penserra Capital Management LLC increased its holdings in S&P Global by 114.0% during the 3rd quarter. Penserra Capital Management LLC now owns 3,240 shares of the business services provider's stock worth $1,672,000 after purchasing an additional 1,726 shares during the period. Larson Financial Group LLC raised its position in S&P Global by 471.1% during the 3rd quarter. Larson Financial Group LLC now owns 217 shares of the business services provider's stock valued at $112,000 after purchasing an additional 179 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of S&P Global by 8.2% in the 3rd quarter. Fisher Asset Management LLC now owns 6,519 shares of the business services provider's stock worth $3,368,000 after buying an additional 492 shares during the period. Institutional investors own 87.17% of the company's stock.

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Analysts Set New Price Targets

SPGI has been the topic of several research reports. Mizuho initiated coverage on S&P Global in a research note on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price target on the stock. Oppenheimer reduced their price target on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Citigroup began coverage on shares of S&P Global in a research report on Friday, December 20th. They issued a "buy" rating and a $600.00 price target for the company. Wells Fargo & Company lifted their price objective on shares of S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Finally, StockNews.com lowered S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $590.86.

S&P Global Stock Performance

NYSE SPGI traded down $6.31 during trading hours on Friday, reaching $502.33. The stock had a trading volume of 1,140,449 shares, compared to its average volume of 1,220,368. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $157.65 billion, a P/E ratio of 40.67, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The stock has a fifty day moving average of $515.20 and a 200 day moving average of $510.14.

S&P Global (NYSE:SPGI - Get Free Report) last released 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 in the prior year, the company posted $3.13 EPS. Sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.76%. 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 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.