508 Shares in S&P Global Inc. (NYSE:SPGI) Bought by ZEGA Investments LLC

ZEGA Investments LLC acquired a new position in S&P Global Inc. (NYSE:SPGI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 508 shares of the business services provider's stock, valued at approximately $261,000.

Several other institutional investors have also recently made changes to their positions in SPGI. Wellington Management Group LLP lifted its stake in S&P Global by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider's stock worth $4,581,580,000 after purchasing an additional 292,436 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of S&P Global by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider's stock worth $3,332,016,000 after buying an additional 113,146 shares in the last quarter. FMR LLC increased its holdings in shares of S&P Global by 6.6% in the 3rd 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of S&P Global by 1.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider's stock valued at $1,401,909,000 after buying an additional 28,458 shares in the last quarter. Finally, Amundi grew its position in S&P Global by 6.6% in the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider's stock worth $1,162,979,000 after acquiring an additional 145,434 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

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S&P Global Stock Performance

S&P Global stock traded up $9.89 during mid-day trading on Tuesday, reaching $513.83. 1,350,988 shares of the company traded hands, compared to its average volume of 1,155,344. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The firm's fifty day moving average is $514.89 and its two-hundred day moving average is $510.33. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $158.16 billion, a price-to-earnings ratio of 41.61, a price-to-earnings-growth 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 (EPS) for the quarter, topping analysts' consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period last year, the business posted $3.13 earnings per share. On average, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share 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. Investors of record on Wednesday, February 26th were issued a dividend of $0.96 per share. 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 dividend on an annualized basis and a dividend yield of 0.75%. S&P Global's payout ratio is 31.09%.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of recent research reports. Oppenheimer dropped their target price on S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Morgan Stanley lifted their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. BMO Capital Markets increased their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Mizuho started coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price for the company. Finally, UBS Group upped their price target 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. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $590.86.

S&P Global 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.