S&P Global Inc. (NYSE:SPGI) Holdings Lifted by Portfolio Design Labs LLC

Portfolio Design Labs LLC grew its position in S&P Global Inc. (NYSE:SPGI) by 36.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,865 shares of the business services provider’s stock after purchasing an additional 1,308 shares during the period. Portfolio Design Labs LLC’s holdings in S&P Global were worth $2,423,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB grew 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 worth $328,632,000 after purchasing an additional 225,370 shares during the last quarter. GDS Wealth Management grew its position in S&P Global by 7.0% in 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 last quarter. Sanctuary Advisors LLC grew its position in S&P Global by 12.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock worth $14,198,000 after purchasing an additional 3,093 shares during the last quarter. Eastern Bank grew 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 last quarter. Finally, Oddo BHF Asset Management Sas bought a new position in S&P Global in the 3rd quarter worth about $27,170,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 4.9 %

Shares of NYSE:SPGI opened at $540.80 on Wednesday. The stock has a market capitalization of $167.81 billion, a price-to-earnings ratio of 47.73, a PEG ratio of 2.39 and a beta of 1.20. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $542.00. 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 company has a 50 day moving average price of $505.68 and a 200 day moving average price of $506.00.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. During the same quarter in the previous year, the business earned $3.13 earnings per share. On average, research analysts anticipate that S&P Global Inc. will post 15.34 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a $0.96 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.71%. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SPGI shares. UBS Group increased their price objective on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Robert W. Baird raised their price objective 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. JPMorgan Chase & Co. lowered their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. BMO Capital Markets raised their price objective on shares of S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. Finally, Oppenheimer lowered their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $584.54.

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.