S&P Global Inc. (NYSE:SPGI) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC increased its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,904 shares of the business services provider's stock after purchasing an additional 3,508 shares during the quarter. MML Investors Services LLC's holdings in S&P Global were worth $19,873,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of SPGI. Nordea Investment Management AB raised its holdings in shares of S&P Global by 52.0% during the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider's stock valued at $328,632,000 after buying an additional 225,370 shares during the period. Eastern Bank boosted its stake in shares of S&P Global by 3.1% in the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider's stock valued at $24,980,000 after purchasing an additional 1,530 shares during the period. Wealthfront Advisers LLC grew its holdings in S&P Global by 19.1% during the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock valued at $18,799,000 after purchasing an additional 6,051 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new stake in S&P Global during the 3rd quarter worth $27,170,000. Finally, American Trust boosted its position in S&P Global by 76.2% in the 3rd quarter. American Trust now owns 2,518 shares of the business services provider's stock valued at $1,301,000 after buying an additional 1,089 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Bank of America began coverage on S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target for the company. Morgan Stanley increased their price objective on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. UBS Group boosted their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. BMO Capital Markets lifted 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. Finally, JPMorgan Chase & Co. cut their price objective on S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on 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 Performance

Shares of SPGI opened at $448.89 on Tuesday. The firm has a fifty day moving average of $497.69 and a 200-day moving average of $504.02. The company has a market cap of $140.88 billion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last posted its 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 net margin of 27.12% and a return on equity of 14.33%. During the same period in the previous year, the business posted $3.13 earnings per share. As a group, equities analysts anticipate 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 declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. This is a boost 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 dividend yield of 0.86%. S&P Global's dividend payout ratio is presently 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.

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.