OVERSEA CHINESE BANKING Corp Ltd Buys 1,776 Shares of S&P Global Inc. (NYSE:SPGI)

OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 11.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,064 shares of the business services provider's stock after purchasing an additional 1,776 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in S&P Global were worth $8,507,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its position in S&P Global by 3.4% during the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider's stock worth $4,581,580,000 after purchasing an additional 292,436 shares during the period. Geode Capital Management LLC boosted its position in S&P Global by 1.8% during the third quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider's stock worth $3,332,016,000 after purchasing an additional 113,146 shares during the period. FMR LLC boosted its position in S&P Global by 6.6% during the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider's stock worth $3,081,830,000 after purchasing an additional 369,598 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in S&P Global by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider's stock worth $1,401,909,000 after purchasing an additional 28,458 shares during the period. Finally, Amundi lifted its holdings in shares of S&P Global by 6.6% during the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider's stock worth $1,162,979,000 after buying an additional 145,434 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Mizuho assumed coverage on S&P Global in a report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price for the company. Wells Fargo & Company lifted their target price on S&P Global from $617.00 to $633.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. StockNews.com downgraded S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Evercore ISI boosted their price target on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Finally, Citigroup assumed coverage on S&P Global in a research note on Friday, December 20th. They issued a "buy" rating and a $600.00 price target for the company. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $590.86.

S&P Global Price Performance

NYSE SPGI traded up $0.42 during trading on Friday, hitting $497.62. 2,603,895 shares of the company's stock were exchanged, compared to its average volume of 1,154,869. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The company has a market cap of $153.17 billion, a PE ratio of 40.29, a P/E/G ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The stock's 50 day moving average price is $513.85 and its two-hundred day moving average price is $510.42.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share 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 in the previous year, the company earned $3.13 EPS. Research analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently declared 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 is a boost from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global's payout ratio is 31.09%.

S&P Global 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.