Rathbones Group PLC Grows Stake in S&P Global Inc. (NYSE:SPGI)

Rathbones Group PLC boosted its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 545,095 shares of the business services provider's stock after buying an additional 43,636 shares during the period. S&P Global makes up about 1.3% of Rathbones Group PLC's holdings, making the stock its 15th biggest position. Rathbones Group PLC owned approximately 0.18% of S&P Global worth $271,474,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in S&P Global during the fourth quarter worth about $1,725,084,000. Raymond James Financial Inc. acquired a new stake in shares of S&P Global during the 4th quarter valued at approximately $527,207,000. Proficio Capital Partners LLC boosted its stake in shares of S&P Global by 71,024.1% during the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock worth $308,525,000 after acquiring 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 4th quarter worth approximately $144,091,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in S&P Global by 52.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 720,517 shares of the business services provider's stock valued at $358,839,000 after purchasing an additional 249,242 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Up 1.6 %

Shares of SPGI traded up $7.38 during mid-day trading on Friday, hitting $465.14. The company had a trading volume of 1,045,172 shares, compared to its average volume of 1,243,081. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39. The business's 50-day simple moving average is $504.81 and its 200-day simple moving average is $506.17. The stock has a market cap of $145.98 billion, a PE ratio of 37.66, a P/E/G ratio of 2.41 and a beta of 1.26. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

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S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating analysts' consensus estimates 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 firm posted $3.13 EPS. Sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.83%. This is an increase from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global's dividend payout ratio (DPR) is 31.09%.

Analyst Ratings Changes

Several analysts have weighed in on SPGI shares. Oppenheimer lowered their target price 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. BMO Capital Markets increased their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Morgan Stanley lifted their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. UBS Group increased their price target on shares of S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, Bank of America began coverage on S&P Global in a report on Thursday. They set a "buy" rating and a $600.00 target price on the stock. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, S&P Global has a consensus rating of "Moderate Buy" and a consensus target price of $595.14.

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.