S&P Global Inc. (NYSE:SPGI) Shares Bought by Brasada Capital Management LP

Brasada Capital Management LP grew its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 113.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,323 shares of the business services provider's stock after buying an additional 9,720 shares during the quarter. S&P Global accounts for 1.6% of Brasada Capital Management LP's investment portfolio, making the stock its 19th largest position. Brasada Capital Management LP's holdings in S&P Global were worth $8,877,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of S&P Global during the fourth quarter valued at approximately $1,725,084,000. Raymond James Financial Inc. purchased a new stake in shares of S&P Global during the 4th quarter valued at approximately $527,207,000. Proficio Capital Partners LLC grew its position in S&P Global by 71,024.1% in the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock worth $308,525,000 after acquiring an additional 618,620 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in S&P Global during the fourth quarter worth $144,091,000. Finally, APG Asset Management N.V. raised its position in S&P Global by 1,384.4% in the fourth quarter. APG Asset Management N.V. now owns 290,500 shares of the business services provider's stock valued at $139,718,000 after purchasing an additional 270,930 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Up 4.0 %

Shares of S&P Global stock opened at $466.75 on Wednesday. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39. The company has a 50 day moving average of $496.18 and a 200 day moving average of $503.76. 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 company has a market capitalization of $146.49 billion, a P/E ratio of 37.79, a P/E/G ratio of 2.41 and a beta of 1.26.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping analysts' consensus estimates 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 prior year, the company earned $3.13 earnings per share. As a group, 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 announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Wednesday, February 26th. This is a positive change from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio (DPR) is 31.09%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Morgan Stanley raised 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. Oppenheimer lowered their price objective on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. UBS Group boosted their target price on S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Bank of America began coverage on S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 price target for the company. Finally, BMO Capital Markets boosted their price objective on S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $591.86.

About S&P Global

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.

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.