Y.D. More Investments Ltd Raises Stock Position in S&P Global Inc. (NYSE:SPGI)

Y.D. More Investments Ltd lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 91.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 392 shares of the business services provider’s stock after buying an additional 187 shares during the period. Y.D. More Investments Ltd’s holdings in S&P Global were worth $195,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Nordea Investment Management AB increased its position in S&P Global by 52.0% during the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after acquiring an additional 225,370 shares during the last quarter. GDS Wealth Management boosted its stake in shares of S&P Global by 7.0% during the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock worth $14,134,000 after purchasing an additional 1,801 shares during the period. Sanctuary Advisors LLC grew its holdings in S&P Global by 12.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after purchasing an additional 3,093 shares during 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 worth $24,980,000 after purchasing an additional 1,530 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new stake in S&P Global in the third quarter worth about $27,170,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Citigroup assumed coverage on S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Robert W. Baird upped their price objective on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. UBS Group lifted their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Stifel Nicolaus upped their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, BMO Capital Markets lifted their price objective 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. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Price Performance

NYSE SPGI opened at $513.65 on Thursday. The company has a market cap of $159.39 billion, a PE ratio of 45.34, a P/E/G ratio of 2.40 and a beta of 1.20. The firm’s 50 day moving average price is $506.19 and its 200-day moving average price is $505.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global Inc. has a 52-week low of $407.69 and a 52-week 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. Shareholders 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 yield of 0.75%. The ex-dividend date is Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is 32.13%.

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.