Rockefeller Capital Management L.P. Raises Position in S&P Global Inc. (NYSE:SPGI)

Rockefeller Capital Management L.P. raised its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 15.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,091 shares of the business services provider's stock after buying an additional 8,128 shares during the period. Rockefeller Capital Management L.P.'s holdings in S&P Global were worth $29,920,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SPGI. Human Investing LLC bought a new position in shares of S&P Global in the 4th quarter worth about $30,000. Noble Wealth Management PBC acquired a new stake in S&P Global during the fourth quarter worth approximately $31,000. Hazlett Burt & Watson Inc. lifted its stake in S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after buying an additional 38 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock worth $36,000 after buying an additional 63 shares in the last quarter. Finally, BankPlus Trust Department acquired a new stake in shares of S&P Global during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on SPGI shares. Wells Fargo & Company reduced their price target on shares of S&P Global from $633.00 to $607.00 and set an "overweight" rating for the company in a report on Thursday. StockNews.com downgraded S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. BMO Capital Markets upped their price target on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Mizuho initiated coverage on S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their target price on S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $591.86.

S&P Global Stock Down 0.3 %

Shares of SPGI stock traded down $1.43 on Friday, hitting $462.55. The stock had a trading volume of 913,056 shares, compared to its average volume of 1,241,471. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50 day moving average of $499.33 and a 200 day moving average of $504.61. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. The stock has a market cap of $145.17 billion, a price-to-earnings ratio of 37.45, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26.

S&P Global (NYSE:SPGI - Get Free Report) last posted 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 business posted $3.13 earnings per share. As a group, analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.83%. This is a boost from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is currently 31.09%.

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.