S&P Global Inc. (NYSE:SPGI) Shares Acquired by Conning Inc.

Conning Inc. boosted its stake in S&P Global Inc. (NYSE:SPGI) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,682 shares of the business services provider’s stock after buying an additional 144 shares during the period. Conning Inc.’s holdings in S&P Global were worth $1,336,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SPGI. Nordea Investment Management AB lifted its position in S&P Global by 52.0% in the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after purchasing an additional 225,370 shares during the last quarter. GDS Wealth Management raised its holdings in shares of S&P Global by 7.0% during the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after buying an additional 1,801 shares during the last quarter. Sanctuary Advisors LLC boosted its position in shares of S&P Global by 12.6% during the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock worth $14,198,000 after buying an additional 3,093 shares during the period. Eastern Bank grew its holdings 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 buying an additional 1,530 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in S&P Global in the 3rd quarter valued at approximately $27,170,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $519.00 on Friday. The company has a market capitalization of $161.05 billion, a PE ratio of 45.81, a price-to-earnings-growth ratio of 2.40 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a fifty day moving average of $505.92 and a 200-day moving average of $505.32. S&P Global Inc. has a one year low of $407.69 and a one year 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. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio is currently 32.13%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SPGI. Morgan Stanley boosted their price target on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Wells Fargo & Company reduced their price objective on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Robert W. Baird raised their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. BMO Capital Markets upped their price target on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and a consensus target price of $584.54.

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.