Capital International Inc. CA Raises Stake in S&P Global Inc. (NYSE:SPGI)

Capital International Inc. CA boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 14.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 56,233 shares of the business services provider’s stock after purchasing an additional 7,191 shares during the quarter. Capital International Inc. CA’s holdings in S&P Global were worth $28,006,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Nordea Investment Management AB raised its position in shares of S&P Global by 52.0% during the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after acquiring an additional 225,370 shares in the last quarter. Eastern Bank raised its position in S&P Global by 3.1% in the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock valued at $24,980,000 after purchasing an additional 1,530 shares during the last quarter. Wealthfront Advisers LLC boosted its stake in shares of S&P Global by 19.1% during the fourth quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider’s stock worth $18,799,000 after buying an additional 6,051 shares during the period. Oddo BHF Asset Management Sas purchased a new position in shares of S&P Global in the 3rd quarter valued at approximately $27,170,000. Finally, American Trust raised its stake in shares of S&P Global by 76.2% during the third quarter. American Trust now owns 2,518 shares of the business services provider’s stock worth $1,301,000 after purchasing an additional 1,089 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SPGI shares. Wells Fargo & Company reduced their price objective on shares of S&P Global from $633.00 to $607.00 and set an “overweight” rating for the company in a research report on Thursday. Evercore ISI upped their target price on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Bank of America started coverage on shares of S&P Global in a report on Thursday, April 10th. They issued a “buy” rating and a $600.00 price target on the stock. UBS Group boosted their price target on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Morgan Stanley increased their price objective on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target of $591.86.

S&P Global Trading Down 0.3 %

NYSE SPGI opened at $462.55 on Friday. S&P Global Inc. has a 12 month low of $407.69 and a 12 month 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 50-day moving average of $499.33 and a 200-day moving average of $504.61. The company has a market cap of $145.17 billion, a P/E ratio of 37.45, a P/E/G ratio of 2.41 and a beta of 1.26.

S&P Global (NYSE:SPGI) last released its quarterly earnings data 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 period last year, the company posted $3.13 EPS. As a group, equities analysts predict 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. Stockholders of record on Wednesday, February 26th were given a $0.96 dividend. 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 dividend payout ratio is presently 31.09%.

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.