S&P Global Inc. (NYSE:SPGI) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in S&P Global Inc. (NYSE:SPGI) by 0.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,083,813 shares of the business services provider’s stock after buying an additional 2,488 shares during the period. Envestnet Asset Management Inc.’s holdings in S&P Global were worth $539,771,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Howard Capital Management Group LLC raised its stake in S&P Global by 3.2% during the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock worth $471,000 after acquiring an additional 28 shares during the period. Centiva Capital LP bought a new position in shares of S&P Global during the third quarter valued at approximately $478,000. IHT Wealth Management LLC raised its position in shares of S&P Global by 21.3% during the 3rd quarter. IHT Wealth Management LLC now owns 2,548 shares of the business services provider’s stock worth $1,310,000 after purchasing an additional 447 shares during the period. Quarry LP bought a new stake in shares of S&P Global in the 3rd quarter worth approximately $55,000. Finally, Quantinno Capital Management LP boosted its position in S&P Global by 55.6% during the 3rd quarter. Quantinno Capital Management LP now owns 19,661 shares of the business services provider’s stock valued at $10,157,000 after purchasing an additional 7,027 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SPGI shares. StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Mizuho began coverage on S&P Global in a research note on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price on the stock. Citigroup assumed coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price target for the company. Morgan Stanley boosted their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company increased their price objective on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and an average target price of $590.86.

S&P Global Stock Performance

SPGI opened at $451.47 on Friday. The business has a fifty day simple moving average of $513.70 and a 200-day simple moving average of $509.32. The firm has a market cap of $141.69 billion, a PE ratio of 36.56, a P/E/G ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. 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 (NYSE:SPGI) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping 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 period in the previous year, the business earned $3.13 earnings per share. As a group, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.96 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global’s payout ratio is 31.09%.

About S&P Global

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.