S&P Global Inc. (NYSE:SPGI) is Sather Financial Group Inc’s 9th Largest Position

Sather Financial Group Inc cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 123,824 shares of the business services provider’s stock after selling 727 shares during the period. S&P Global comprises about 3.9% of Sather Financial Group Inc’s holdings, making the stock its 9th biggest holding. Sather Financial Group Inc’s holdings in S&P Global were worth $61,668,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of SPGI. Nordea Investment Management AB lifted its holdings 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 in the last quarter. GDS Wealth Management raised its position in shares of S&P Global by 7.0% in 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 lifted its stake in shares of S&P Global by 12.6% in 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 in the last quarter. Eastern Bank boosted its position in S&P Global by 3.1% during the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock worth $24,980,000 after acquiring an additional 1,530 shares during the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new stake in S&P Global during the 3rd quarter valued at about $27,170,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. UBS Group raised their target price on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note 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 price objective on the stock. Wells Fargo & Company dropped their target price on 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 lifted their price target on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, BMO Capital Markets upped 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $584.54.

S&P Global Stock Performance

NYSE:SPGI opened at $540.80 on Wednesday. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week 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. The stock has a market capitalization of $167.81 billion, a P/E ratio of 47.73, a PEG ratio of 2.39 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm earned $3.13 EPS. Equities research analysts forecast that S&P Global Inc. will post 15.34 EPS for the current year.

S&P Global Increases Dividend

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

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.