S&P Global Inc. (NYSE:SPGI) Shares Purchased by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. increased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 21.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,838 shares of the business services provider's stock after purchasing an additional 4,671 shares during the period. Sumitomo Life Insurance Co.'s holdings in S&P Global were worth $13,366,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new position in shares of S&P Global during the 3rd quarter valued at about $27,000. First Personal Financial Services purchased a new stake in S&P Global in the 3rd quarter worth $29,000. Capital Performance Advisors LLP bought a new position in S&P Global during the third quarter valued at approximately $31,000. Voisard Asset Management Group Inc. grew its holdings in shares of S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider's stock valued at $32,000 after purchasing an additional 27 shares in the last quarter. Finally, Dunhill Financial LLC grew its stake in shares of S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock worth $36,000 after buying an additional 34 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

SPGI traded down $2.10 during trading on Friday, hitting $521.44. 1,256,787 shares of the stock were exchanged, compared to its average volume of 1,141,374. The firm has a market capitalization of $161.80 billion, a P/E ratio of 46.02, a PEG ratio of 2.38 and a beta of 1.20. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The stock has a fifty day moving average price of $506.40 and a two-hundred day moving average price of $504.48. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a $0.96 dividend. This is a boost from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global's payout ratio is currently 32.13%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SPGI. Citigroup initiated coverage on S&P Global in a report on Friday, December 20th. They set a "buy" rating and a $600.00 price target on the stock. Robert W. Baird increased their price target on S&P Global from $536.00 to $575.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Morgan Stanley lifted their price objective on shares of S&P Global from $570.00 to $595.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Oppenheimer cut their target price on S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. Finally, BMO Capital Markets upped their price target on S&P Global from $564.00 to $576.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $584.54.

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.