Impax Asset Management Group plc Has $3.94 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Impax Asset Management Group plc lessened its stake in S&P Global Inc. (NYSE:SPGI) by 3.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,906 shares of the business services provider’s stock after selling 241 shares during the period. Impax Asset Management Group plc’s holdings in S&P Global were worth $3,937,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Swedbank AB boosted its stake in shares of S&P Global by 11.8% during the 3rd quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock worth $450,280,000 after buying an additional 92,115 shares during the last quarter. Howard Capital Management Group LLC grew its stake in shares of S&P Global by 3.2% in the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock valued at $471,000 after buying an additional 28 shares during the period. Private Advisor Group LLC grew its stake in shares of S&P Global by 7.4% in the 3rd quarter. Private Advisor Group LLC now owns 8,429 shares of the business services provider’s stock worth $4,354,000 after acquiring an additional 579 shares in the last quarter. Arkadios Wealth Advisors grew its position in shares of S&P Global by 21.2% during the 3rd quarter. Arkadios Wealth Advisors now owns 2,095 shares of the business services provider’s stock valued at $1,082,000 after acquiring an additional 367 shares during the period. Finally, Boston Trust Walden Corp boosted its holdings in S&P Global by 1.2% in the 3rd quarter. Boston Trust Walden Corp now owns 3,589 shares of the business services provider’s stock worth $1,854,000 after buying an additional 41 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SPGI shares. Wells Fargo & Company lifted their target price on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Oppenheimer reduced their target price on 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. Evercore ISI lifted their target price on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. BMO Capital Markets boosted their price target on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, Citigroup initiated coverage on S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $590.23.

S&P Global Trading Down 0.0 %

NYSE:SPGI opened at $533.17 on Tuesday. 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 capitalization of $164.11 billion, a price-to-earnings ratio of 43.17, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The stock has a fifty day moving average price of $510.68 and a two-hundred day moving average price of $509.77.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the company posted $3.13 EPS. As a group, sell-side analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. The ex-dividend date is Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.72%. S&P Global’s payout ratio is 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.