Sumitomo Mitsui DS Asset Management Company Ltd Boosts Position in S&P Global Inc. (NYSE:SPGI)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in S&P Global Inc. (NYSE:SPGI) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,389 shares of the business services provider’s stock after purchasing an additional 1,175 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in S&P Global were worth $25,593,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SPGI. Kathleen S. Wright Associates Inc. lifted its position in S&P Global by 25.0% during the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 20 shares in the last quarter. Trust Point Inc. raised its stake in shares of S&P Global by 1.4% in the third quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock worth $725,000 after buying an additional 20 shares during the period. Headinvest LLC lifted its position in shares of S&P Global by 2.0% during the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock valued at $515,000 after buying an additional 20 shares in the last quarter. EWA LLC grew its stake in shares of S&P Global by 4.2% during the 3rd quarter. EWA LLC now owns 498 shares of the business services provider’s stock valued at $254,000 after acquiring an additional 20 shares during the period. Finally, Continuum Advisory LLC raised its stake in S&P Global by 1.3% during the 3rd quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock worth $788,000 after acquiring an additional 20 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Up 0.8 %

Shares of SPGI opened at $518.52 on Friday. The stock has a market capitalization of $160.90 billion, a PE ratio of 45.76, a P/E/G ratio of 2.40 and a beta of 1.20. The company’s fifty day moving average is $506.01 and its 200 day moving average is $505.23. 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 fifty-two week low of $407.69 and a fifty-two week high of $533.29.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a $0.96 dividend. 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. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global’s payout ratio is 32.13%.

Analyst Ratings Changes

A number of research firms have weighed in on SPGI. UBS Group upped their price target on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Oppenheimer cut their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. JPMorgan Chase & Co. lowered their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Citigroup initiated coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. Finally, Morgan Stanley lifted their target price on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.