Townsquare Capital LLC Buys 4,089 Shares of S&P Global Inc. (NYSE:SPGI)

Townsquare Capital LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 24.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,878 shares of the business services provider's stock after acquiring an additional 4,089 shares during the quarter. Townsquare Capital LLC's holdings in S&P Global were worth $10,398,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its stake in S&P Global by 52.0% in the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider's stock worth $328,632,000 after purchasing an additional 225,370 shares during the period. Sanctuary Advisors LLC raised its stake in S&P Global by 12.6% in the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider's stock valued at $14,198,000 after purchasing an additional 3,093 shares in the last quarter. Eastern Bank grew its stake in S&P Global by 3.1% in the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider's stock worth $24,980,000 after buying an additional 1,530 shares in the last quarter. Wealthfront Advisers LLC lifted its stake in S&P Global by 19.1% during the fourth quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock worth $18,799,000 after purchasing an additional 6,051 shares during the last quarter. Finally, Oddo BHF Asset Management Sas bought a new position in S&P Global during the third quarter valued at approximately $27,170,000. Institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

SPGI stock traded down $1.43 during midday trading on Friday, hitting $462.55. The company's stock had a trading volume of 913,056 shares, compared to its average volume of 1,241,127. The firm has a market capitalization of $145.17 billion, a price-to-earnings ratio of 37.45, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The company has a 50 day moving average of $500.89 and a two-hundred day moving average of $504.95.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating 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 period last year, the firm earned $3.13 earnings per share. On average, analysts expect that S&P Global Inc. will post 17.11 EPS for the current 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 paid a dividend of $0.96 per share. 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 dividend on an annualized basis and a dividend yield of 0.83%. S&P Global's dividend payout ratio is currently 31.09%.

Analyst Ratings Changes

Several brokerages have commented on SPGI. Mizuho initiated coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective for the company. UBS Group raised their price objective on shares of S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. StockNews.com downgraded S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Morgan Stanley lifted their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Finally, BMO Capital Markets upped their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, S&P Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $591.86.

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.