Baader Bank Aktiengesellschaft lowered its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,602 shares of the business services provider's stock after selling 583 shares during the quarter. S&P Global comprises 0.7% of Baader Bank Aktiengesellschaft's portfolio, making the stock its 17th biggest holding. Baader Bank Aktiengesellschaft's holdings in S&P Global were worth $10,758,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPGI. International Assets Investment Management LLC increased its stake in S&P Global by 174,815.4% in the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider's stock worth $241,274,000 after acquiring an additional 466,757 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of S&P Global in the 3rd quarter worth approximately $224,976,000. FMR LLC boosted its holdings in shares of S&P Global by 6.6% in the 3rd 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. Union Bancaire Privee UBP SA purchased a new position in shares of S&P Global in the 4th quarter worth approximately $144,091,000. Finally, Wellington Management Group LLP boosted its holdings in shares of S&P Global by 3.4% in the 3rd 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. Institutional investors own 87.17% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on SPGI. Citigroup began coverage on S&P Global in a report on Friday, December 20th. They issued a "buy" rating and a $600.00 target price for the company. JPMorgan Chase & Co. dropped their price objective on S&P Global from $600.00 to $585.00 and set an "overweight" rating for the company in a report on Friday, October 25th. Morgan Stanley boosted their price objective on S&P Global from $570.00 to $595.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Evercore ISI initiated coverage on S&P Global in a report on Wednesday, October 2nd. They set an "outperform" rating and a $599.00 price objective for the company. Finally, Robert W. Baird boosted their price objective on S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $584.54.
View Our Latest Stock Analysis on SPGI
S&P Global Stock Up 1.5 %
Shares of SPGI stock traded up $7.73 during mid-day trading on Thursday, hitting $524.95. The stock had a trading volume of 333,133 shares, compared to its average volume of 1,218,233. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. The firm has a market capitalization of $162.89 billion, a P/E ratio of 46.33, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. The firm's 50-day moving average is $506.04 and its two-hundred day moving average is $504.08. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.
S&P Global Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.73%. This is a positive change from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. S&P Global's payout ratio is presently 32.13%.
About S&P Global
(
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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