abrdn plc Has $240.19 Million Position in S&P Global Inc. (NYSE:SPGI)

abrdn plc cut its holdings in S&P Global Inc. (NYSE:SPGI) by 0.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 483,338 shares of the business services provider’s stock after selling 3,095 shares during the quarter. abrdn plc’s holdings in S&P Global were worth $240,190,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its position in shares of S&P Global by 174,815.4% in the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after purchasing an additional 466,757 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in S&P Global in the 3rd quarter valued at $224,976,000. FMR LLC raised its holdings in S&P Global by 6.6% in the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after acquiring an additional 369,598 shares during the period. Union Bancaire Privee UBP SA acquired a new position in S&P Global during the 4th quarter worth $144,091,000. Finally, Wellington Management Group LLP boosted its holdings in S&P Global by 3.4% during the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after acquiring an additional 292,436 shares during the period. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Down 0.6 %

Shares of SPGI opened at $518.53 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $506.40 and a two-hundred day moving average price of $504.70. The stock has a market cap of $160.90 billion, a price-to-earnings ratio of 45.77, a P/E/G ratio of 2.40 and a beta of 1.20. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is 32.13%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several research analyst reports. Stifel Nicolaus boosted their price objective on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. reduced their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Wells Fargo & Company dropped their target price on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. BMO Capital Markets increased their price target on shares of S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. Finally, Citigroup assumed 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 on the stock. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $584.54.

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.