Bank Julius Baer & Co. Ltd Zurich Has $387.49 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Bank Julius Baer & Co. Ltd Zurich raised its stake in S&P Global Inc. (NYSE:SPGI) by 8.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 721,271 shares of the business services provider’s stock after buying an additional 53,247 shares during the period. S&P Global makes up 1.2% of Bank Julius Baer & Co. Ltd Zurich’s investment portfolio, making the stock its 20th biggest position. Bank Julius Baer & Co. Ltd Zurich’s holdings in S&P Global were worth $387,488,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Swedbank AB boosted its holdings 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 valued at $450,280,000 after acquiring an additional 92,115 shares in the last quarter. Howard Capital Management Group LLC raised its position in S&P Global by 3.2% in the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock valued at $471,000 after purchasing an additional 28 shares during the last quarter. Avidian Wealth Enterprises LLC acquired a new stake in shares of S&P Global during the third quarter valued at about $212,000. Blake Schutter Theil Wealth Advisors LLC acquired a new stake in shares of S&P Global during the third quarter valued at about $212,000. Finally, Graypoint LLC grew its holdings in shares of S&P Global by 16.6% during the third quarter. Graypoint LLC now owns 2,110 shares of the business services provider’s stock worth $1,090,000 after purchasing an additional 301 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the subject of a number of research reports. Evercore ISI raised their price objective on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Wells Fargo & Company raised their price target 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. 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 note on Thursday, February 13th. Oppenheimer lowered their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Finally, StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus target price of $590.23.

S&P Global Stock Performance

SPGI stock opened at $497.35 on Friday. The firm has a market cap of $153.08 billion, a PE ratio of 40.27, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average price of $515.06 and a 200-day moving average price of $511.49. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39.

S&P Global (NYSE:SPGI) 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 return on equity of 14.33% and a net margin of 27.12%. During the same period in the prior year, the company earned $3.13 earnings per share. As a group, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a $0.96 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.77%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is currently 31.09%.

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.