Vinva Investment Management Ltd boosted its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,895 shares of the business services provider's stock after acquiring an additional 1,193 shares during the quarter. Vinva Investment Management Ltd's holdings in S&P Global were worth $7,916,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of S&P Global by 11.6% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 17,064 shares of the business services provider's stock valued at $8,507,000 after acquiring an additional 1,776 shares during the last quarter. Xponance Inc. increased its holdings in S&P Global by 7.3% in the fourth quarter. Xponance Inc. now owns 49,491 shares of the business services provider's stock valued at $24,648,000 after purchasing an additional 3,371 shares during the last quarter. Generali Asset Management SPA SGR acquired a new position in S&P Global in the fourth quarter valued at about $18,817,000. Evoke Wealth LLC boosted its holdings in S&P Global by 3.9% during the fourth quarter. Evoke Wealth LLC now owns 4,380 shares of the business services provider's stock worth $2,181,000 after buying an additional 164 shares during the last quarter. Finally, Horizon Investments LLC grew its position in shares of S&P Global by 2.2% during the 4th quarter. Horizon Investments LLC now owns 6,783 shares of the business services provider's stock worth $3,378,000 after buying an additional 147 shares during the period. 87.17% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. BMO Capital Markets lifted their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Wells Fargo & Company upped their price objective on shares of S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. StockNews.com lowered S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Finally, Mizuho started coverage on S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $590.86.
Read Our Latest Report on S&P Global
S&P Global Stock Up 0.1 %
SPGI traded up $0.42 on Friday, hitting $497.62. 2,603,895 shares of the company were exchanged, compared to its average volume of 1,154,869. The stock's fifty day moving average is $513.85 and its 200-day moving average is $510.42. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $153.17 billion, a PE ratio of 40.29, a PEG ratio of 2.41 and a beta of 1.20.
S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share 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 business earned $3.13 EPS. Equities research analysts predict 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. Investors of record on Wednesday, February 26th were issued a dividend of $0.96 per share. The ex-dividend date was Wednesday, February 26th. This is a positive change from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.77%. S&P Global's payout ratio is presently 31.09%.
S&P Global Profile
(
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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