XTX Topco Ltd Acquires New Stake in S&P Global Inc. (NYSE:SPGI)

XTX Topco Ltd acquired a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 713 shares of the business services provider's stock, valued at approximately $355,000.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new position in S&P Global in the 4th quarter valued at about $1,725,084,000. Raymond James Financial Inc. bought a new stake in S&P Global during the fourth quarter worth $527,207,000. Proficio Capital Partners LLC boosted its holdings in shares of S&P Global by 71,024.1% in the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock valued at $308,525,000 after purchasing an additional 618,620 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of S&P Global in the 4th quarter valued at $144,091,000. Finally, APG Asset Management N.V. raised its holdings in shares of S&P Global by 1,384.4% during the 4th quarter. APG Asset Management N.V. now owns 290,500 shares of the business services provider's stock worth $139,718,000 after buying an additional 270,930 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

Wall Street Analyst Weigh In

SPGI has been the topic of several research reports. Morgan Stanley lifted their price target on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. BMO Capital Markets increased their price target on S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. UBS Group upped their target price on S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Evercore ISI boosted their price target on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Finally, Oppenheimer dropped their price objective on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, S&P Global has an average rating of "Moderate Buy" and an average target price of $591.86.

S&P Global Trading Down 0.2 %

NYSE SPGI traded down $0.93 during trading hours on Friday, hitting $480.33. 979,053 shares of the company's stock were exchanged, compared to its average volume of 1,223,438. The firm has a market cap of $150.75 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 2.41 and a beta of 1.26. The stock has a 50-day simple moving average of $492.37 and a 200 day simple moving average of $502.97. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 1-year low of $408.84 and a 1-year high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 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 business posted $3.13 earnings per share. On average, equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal 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. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.80%. This is an increase from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio is currently 31.09%.

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.