Rathbones Group PLC Increases Stock Position in S&P Global Inc. (NYSE:SPGI)

Rathbones Group PLC lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 8.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 545,095 shares of the business services provider’s stock after purchasing an additional 43,636 shares during the period. S&P Global comprises approximately 1.3% of Rathbones Group PLC’s holdings, making the stock its 15th biggest holding. Rathbones Group PLC owned 0.18% of S&P Global worth $271,474,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of SPGI. Human Investing LLC acquired a new position in shares of S&P Global in the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC acquired a new position in S&P Global during the fourth quarter worth approximately $31,000. Hazlett Burt & Watson Inc. raised its stake in S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock worth $32,000 after purchasing an additional 38 shares during the period. Dunhill Financial LLC grew its stake in shares of S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after buying an additional 34 shares during the period. Finally, Sound Income Strategies LLC increased its holdings in shares of S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after buying an additional 63 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on SPGI. 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 target for the company. Evercore ISI boosted their target price on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. UBS Group raised their price target on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Mizuho began coverage on shares of S&P Global in a research report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price target on the stock. Finally, BMO Capital Markets raised their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $590.86.

S&P Global Price Performance

Shares of SPGI opened at $451.47 on Monday. The stock has a 50 day moving average of $513.70 and a 200-day moving average of $509.15. S&P Global Inc. has a 52 week low of $405.23 and a 52 week high of $545.39. The firm has a market cap of $141.69 billion, a price-to-earnings ratio of 36.56, a PEG ratio of 2.41 and a beta of 1.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same period in the prior year, the company posted $3.13 EPS. As a group, analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. The ex-dividend date was Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.85%. S&P Global’s dividend payout ratio is 31.09%.

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.