Xponance Inc. Raises Position in S&P Global Inc. (NYSE:SPGI)

Xponance Inc. raised its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,491 shares of the business services provider's stock after acquiring an additional 3,371 shares during the quarter. Xponance Inc.'s holdings in S&P Global were worth $24,648,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of S&P Global during the fourth quarter worth about $527,207,000. Proficio Capital Partners LLC grew its position in shares of S&P Global by 71,024.1% during the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock worth $308,525,000 after buying an additional 618,620 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of S&P Global during the third quarter worth about $224,976,000. FMR LLC grew its position in shares of 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 buying an additional 369,598 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of S&P Global during the fourth quarter worth about $144,091,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of analyst reports. Evercore ISI boosted their price objective on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Oppenheimer dropped their price target on shares of 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. BMO Capital Markets boosted their price objective 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. UBS Group upped their target price on shares of S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Finally, Morgan Stanley increased their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $590.86.

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S&P Global Stock Performance

S&P Global stock traded up $0.42 during midday trading on Friday, hitting $497.62. 2,603,895 shares of the company's stock were exchanged, compared to its average volume of 1,156,171. 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 stock has a market cap of $153.17 billion, a price-to-earnings ratio of 40.29, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The firm's 50 day simple moving average is $513.85 and its 200 day simple moving average is $510.42.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company posted $3.13 EPS. Equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a $0.96 dividend. This is an increase from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.77%. S&P Global's payout ratio is presently 31.09%.

About S&P Global

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.