Aster Capital Management DIFC Ltd lifted its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 60.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,527 shares of the business services provider's stock after purchasing an additional 956 shares during the quarter. Aster Capital Management DIFC Ltd's holdings in S&P Global were worth $1,259,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of S&P Global in the fourth quarter valued at approximately $1,725,084,000. Raymond James Financial Inc. acquired a new stake in S&P Global during the 4th quarter worth $527,207,000. Proficio Capital Partners LLC boosted its stake in 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 purchasing an additional 618,620 shares during the period. Union Bancaire Privee UBP SA purchased a new position in S&P Global during the 4th quarter worth $144,091,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in S&P Global by 52.9% in the fourth 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 during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.
S&P Global Price Performance
SPGI stock traded up $4.96 during trading on Friday, reaching $462.72. 419,294 shares of the company were exchanged, compared to its average volume of 1,240,240. 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 stock's 50 day moving average price is $505.78 and its 200 day moving average price is $506.52. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39. The company has a market cap of $145.22 billion, a P/E ratio of 37.40, a PEG ratio of 2.41 and a beta of 1.26.
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 EPS for the quarter, topping the consensus estimate 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 quarter last year, the business posted $3.13 EPS. As a group, analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.
S&P Global Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.96 dividend. This is a positive change from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.83%. S&P Global's dividend payout ratio is 31.09%.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on SPGI shares. Oppenheimer decreased their target price on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. Morgan Stanley increased their price objective on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Citigroup initiated coverage on S&P Global in a research note on Friday, December 20th. They issued a "buy" rating and a $600.00 target price on the stock. Wells Fargo & Company upped their price target on S&P Global from $617.00 to $633.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Finally, UBS Group lifted their price objective 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. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, S&P Global presently has an average rating of "Moderate Buy" and a consensus price target of $595.14.
Read Our Latest Stock Report on S&P Global
S&P Global Company Profile
(
Free Report)
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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