DnB Asset Management AS Acquires 3,802 Shares of S&P Global Inc. (NYSE:SPGI)

DnB Asset Management AS lifted its stake in S&P Global Inc. (NYSE:SPGI) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 259,003 shares of the business services provider’s stock after purchasing an additional 3,802 shares during the quarter. S&P Global comprises approximately 0.6% of DnB Asset Management AS’s holdings, making the stock its 29th largest position. DnB Asset Management AS’s holdings in S&P Global were worth $128,991,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPGI. Headinvest LLC increased its stake in S&P Global by 2.0% during the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock valued at $515,000 after purchasing an additional 20 shares in the last quarter. EWA LLC increased its position in shares of S&P Global by 4.2% during the third quarter. EWA LLC now owns 498 shares of the business services provider’s stock valued at $254,000 after acquiring an additional 20 shares in the last quarter. Continuum Advisory LLC raised its holdings in S&P Global by 1.3% in the 3rd quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock worth $788,000 after acquiring an additional 20 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in S&P Global by 2.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock valued at $515,000 after acquiring an additional 20 shares in the last quarter. Finally, Personal CFO Solutions LLC boosted its stake in S&P Global by 3.1% during the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider’s stock valued at $336,000 after purchasing an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of research analyst reports. Oppenheimer lowered their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Evercore ISI raised their price target 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. Citigroup initiated coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Mizuho initiated coverage on S&P Global in a report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $590.86.

S&P Global Trading Up 0.2 %

S&P Global stock opened at $508.95 on Friday. 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 12-month low of $407.69 and a 12-month high of $545.39. The firm has a market capitalization of $156.66 billion, a price-to-earnings ratio of 41.21, a P/E/G ratio of 2.41 and a beta of 1.20. The firm has a 50 day moving average of $515.19 and a 200 day moving average of $510.30.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating 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 EPS. As a group, research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. This is a positive change 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 dividend payout ratio is 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.