S&P Global Inc. (NYSE:SPGI) Shares Bought by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. raised its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 166,438 shares of the business services provider's stock after purchasing an additional 6,825 shares during the quarter. Royal London Asset Management Ltd. owned 0.05% of S&P Global worth $82,891,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Next Capital Management LLC acquired a new position in S&P Global during the fourth quarter valued at $236,000. Trivest Advisors Ltd purchased a new stake in shares of S&P Global in the fourth quarter worth about $18,128,000. First Financial Bankshares Inc raised its position in S&P Global by 0.3% during the fourth quarter. First Financial Bankshares Inc now owns 29,255 shares of the business services provider's stock valued at $14,570,000 after acquiring an additional 93 shares in the last quarter. Generali Investments Management Co LLC acquired a new position in S&P Global in the fourth quarter valued at approximately $604,000. Finally, Vinva Investment Management Ltd boosted its position in S&P Global by 8.1% in the 4th quarter. Vinva Investment Management Ltd now owns 15,895 shares of the business services provider's stock worth $7,916,000 after purchasing an additional 1,193 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Up 1.2 %

Shares of SPGI traded up $6.12 during midday trading on Monday, reaching $504.00. The company had a trading volume of 1,560,643 shares, compared to its average volume of 1,156,535. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39. 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 firm has a 50 day simple moving average of $513.85 and a 200-day simple moving average of $510.40. The stock has a market cap of $155.13 billion, a PE ratio of 40.81, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.

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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 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the company earned $3.13 earnings per share. Research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This is a boost 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 0.76%. S&P Global's dividend payout ratio is currently 31.09%.

Analysts Set New Price Targets

Several research firms recently issued reports on SPGI. Wells Fargo & Company boosted their target price on shares of S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. BMO Capital Markets increased their target price on shares of S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Citigroup began coverage on S&P Global in a report on Friday, December 20th. They issued a "buy" rating and a $600.00 price target for the company. UBS Group increased their price target on S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Finally, Mizuho started coverage on S&P Global in a research note on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price for the company. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, S&P Global presently has an average rating of "Moderate Buy" and an average price target of $590.86.

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.