S&P Global Inc. (NYSE:SPGI) is Intermede Investment Partners Ltd's 7th Largest Position

Intermede Investment Partners Ltd decreased its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 21.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 304,837 shares of the business services provider's stock after selling 83,990 shares during the period. S&P Global accounts for 4.1% of Intermede Investment Partners Ltd's investment portfolio, making the stock its 7th largest position. Intermede Investment Partners Ltd owned about 0.10% of S&P Global worth $151,818,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Human Investing LLC bought a new stake in shares of S&P Global during the fourth quarter valued at about $30,000. Noble Wealth Management PBC purchased a new stake in S&P Global in the 4th quarter worth approximately $31,000. Dunhill Financial LLC lifted its stake in S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock worth $36,000 after purchasing an additional 34 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in S&P Global by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock valued at $36,000 after purchasing an additional 63 shares during the period. Finally, BankPlus Trust Department purchased a new position in shares of S&P Global during the 4th quarter valued at $40,000. Institutional investors own 87.17% of the company's stock.

Analysts Set New Price Targets

SPGI has been the topic of a number of recent analyst reports. UBS Group increased their price objective 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. Citigroup started coverage on S&P Global in a report on Friday, December 20th. They issued a "buy" rating and a $600.00 price target on the stock. Morgan Stanley boosted their price objective on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Oppenheimer decreased their price objective on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. Finally, Mizuho assumed coverage on shares of S&P Global in a research report on Wednesday. They set an "outperform" rating and a $599.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, S&P Global has a consensus rating of "Moderate Buy" and an average price target of $590.86.

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S&P Global Stock Down 0.3 %

Shares of NYSE SPGI opened at $478.74 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The firm has a fifty day simple moving average of $514.13 and a two-hundred day simple moving average of $511.23. The firm has a market capitalization of $147.36 billion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last released its 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 period in the previous year, the firm posted $3.13 earnings per share. Equities analysts expect 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 announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.80%. 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. S&P Global's payout ratio is 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.

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