Sagespring Wealth Partners LLC Purchases Shares of 4,638 S&P Global Inc. (NYSE:SPGI)

Sagespring Wealth Partners LLC acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,638 shares of the business services provider's stock, valued at approximately $2,310,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SPGI. Geode Capital Management LLC grew its holdings in shares of S&P Global by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock worth $3,273,264,000 after purchasing an additional 116,208 shares during the last quarter. Norges Bank acquired a new stake in S&P Global in the 4th quarter valued at about $1,725,084,000. Amundi raised its stake in shares of S&P Global by 6.6% in the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider's stock worth $1,162,979,000 after acquiring an additional 145,434 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of S&P Global by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,999,467 shares of the business services provider's stock worth $995,795,000 after purchasing an additional 62,770 shares in the last quarter. Finally, Cantillon Capital Management LLC increased its holdings in shares of S&P Global by 0.5% in the fourth quarter. Cantillon Capital Management LLC now owns 1,868,814 shares of the business services provider's stock valued at $930,725,000 after purchasing an additional 9,880 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Stock Down 0.3 %

SPGI stock traded down $1.43 during mid-day trading on Friday, hitting $462.55. 913,056 shares of the company were exchanged, compared to its average volume of 1,241,127. The firm has a market cap of $145.17 billion, a P/E ratio of 37.45, a P/E/G ratio of 2.41 and a beta of 1.26. S&P Global Inc. has a 1-year low of $407.69 and a 1-year 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 firm's 50 day simple moving average is $500.89 and its 200 day simple moving average is $504.95.

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 in the previous year, the company posted $3.13 EPS. On average, sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.83%. S&P Global's dividend payout ratio (DPR) is presently 31.09%.

Analysts Set New Price Targets

A number of brokerages have commented on SPGI. BMO Capital Markets increased their price objective on S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Morgan Stanley upped their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Citigroup initiated coverage on shares of S&P Global in a research note on Friday, December 20th. They set a "buy" rating and a $600.00 price target for the company. JPMorgan Chase & Co. dropped their target price on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research report on Wednesday. Finally, Evercore ISI raised their price target on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. 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 stock currently has a consensus rating of "Moderate Buy" and an average target price of $591.86.

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.