Capital Research Global Investors Has $814.87 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Capital Research Global Investors raised its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,636,182 shares of the business services provider’s stock after purchasing an additional 14,122 shares during the quarter. Capital Research Global Investors owned 0.53% of S&P Global worth $814,868,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its position in S&P Global by 2.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock worth $515,000 after buying an additional 20 shares in the last quarter. Personal CFO Solutions LLC lifted its position in shares of S&P Global by 3.1% during the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider’s stock worth $336,000 after purchasing an additional 20 shares in the last quarter. Anfield Capital Management LLC grew its stake in shares of S&P Global by 25.6% during the fourth quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 22 shares during the last quarter. Invenio Wealth Partners LLC increased its holdings in shares of S&P Global by 4.0% in the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider’s stock valued at $286,000 after purchasing an additional 22 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its position in S&P Global by 4.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider’s stock worth $265,000 after purchasing an additional 23 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Down 0.3 %

Shares of S&P Global stock opened at $462.55 on Friday. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. 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 $145.17 billion, a P/E ratio of 37.45, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. The business has a 50-day moving average of $499.33 and a two-hundred day moving average of $504.54.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) 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 period in the prior year, the business posted $3.13 EPS. As a group, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.83%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is currently 31.09%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SPGI. BMO Capital Markets increased their price objective on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Oppenheimer lowered their price objective 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. Evercore ISI boosted their price objective on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. reduced their target price on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Mizuho started coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price target for the company. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $591.86.

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.