Quantbot Technologies LP Buys 2,700 Shares of S&P Global Inc. (NYSE:SPGI)

Quantbot Technologies LP grew its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 55.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,577 shares of the business services provider's stock after acquiring an additional 2,700 shares during the period. Quantbot Technologies LP's holdings in S&P Global were worth $3,774,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Swedbank AB lifted its position in shares of S&P Global by 11.8% in the 3rd quarter. Swedbank AB now owns 871,588 shares of the business services provider's stock worth $450,280,000 after purchasing an additional 92,115 shares during the period. Howard Capital Management Group LLC raised its stake in S&P Global by 3.2% during the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock worth $471,000 after buying an additional 28 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in S&P Global by 18.4% in the third quarter. Avior Wealth Management LLC now owns 450 shares of the business services provider's stock valued at $232,000 after buying an additional 70 shares during the period. Citizens Financial Group Inc. RI boosted its position in S&P Global by 5.2% during the third quarter. Citizens Financial Group Inc. RI now owns 3,923 shares of the business services provider's stock valued at $2,027,000 after acquiring an additional 193 shares during the last quarter. Finally, King Luther Capital Management Corp grew its holdings in S&P Global by 4.9% during the 3rd quarter. King Luther Capital Management Corp now owns 48,194 shares of the business services provider's stock worth $24,898,000 after acquiring an additional 2,269 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

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S&P Global Trading Up 2.0 %

Shares of NYSE:SPGI traded up $9.89 during midday trading on Tuesday, hitting $513.83. 1,350,988 shares of the stock traded hands, compared to its average volume of 1,155,344. 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's 50 day moving average is $514.89 and its two-hundred day moving average is $510.33. The stock has a market capitalization of $158.16 billion, a PE ratio of 41.61, a P/E/G ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39.

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

S&P Global Increases Dividend

The firm 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. This is a positive change from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. S&P Global's dividend payout ratio (DPR) is presently 31.09%.

Analysts Set New Price Targets

SPGI has been the topic of a number of recent analyst reports. Citigroup began coverage on S&P Global in a research report on Friday, December 20th. They set a "buy" rating and a $600.00 target price on the stock. Oppenheimer cut their price target on S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. Morgan Stanley lifted their price objective 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. Evercore ISI boosted their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Finally, BMO Capital Markets raised their price target 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. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $590.86.

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.