Capital Group Investment Management PTE. LTD. Has $4.06 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Capital Group Investment Management PTE. LTD. lessened its stake in S&P Global Inc. (NYSE:SPGI) by 2.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 8,156 shares of the business services provider’s stock after selling 247 shares during the quarter. Capital Group Investment Management PTE. LTD.’s holdings in S&P Global were worth $4,062,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SPGI. Geode Capital Management LLC lifted its position in S&P Global by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider’s stock valued at $3,273,264,000 after acquiring an additional 116,208 shares in the last quarter. Norges Bank acquired a new stake in shares of S&P Global in the 4th quarter valued at about $1,725,084,000. Amundi boosted its position in shares of S&P Global by 6.6% during the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider’s stock worth $1,162,979,000 after buying an additional 145,434 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of S&P Global by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,999,467 shares of the business services provider’s stock worth $995,795,000 after buying an additional 62,770 shares in the last quarter. Finally, Cantillon Capital Management LLC lifted its stake in S&P Global by 0.5% in the 4th quarter. Cantillon Capital Management LLC now owns 1,868,814 shares of the business services provider’s stock valued at $930,725,000 after acquiring an additional 9,880 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SPGI shares. JPMorgan Chase & Co. decreased their price target on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating for the company in a research note on Wednesday. Oppenheimer decreased their target price on shares of 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. UBS Group boosted their price target on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. BMO Capital Markets raised their price objective on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, Evercore ISI upped 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. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $591.86.

S&P Global Stock Performance

SPGI opened at $462.55 on Friday. The company has a quick ratio of 0.85, a current 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 business has a 50 day moving average of $500.89 and a 200-day moving average of $504.95. The stock has a market cap of $145.17 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 2.41 and a beta of 1.26.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating 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 previous year, the firm posted $3.13 EPS. On average, 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 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 of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.83%. S&P Global’s payout ratio is presently 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.