Alpha DNA Investment Management LLC Invests $341,000 in S&P Global Inc. (NYSE:SPGI)

Alpha DNA Investment Management LLC purchased a new stake in S&P Global Inc. (NYSE:SPGI) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 685 shares of the business services provider’s stock, valued at approximately $341,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank acquired a new position in S&P Global in the fourth quarter valued at about $1,725,084,000. Raymond James Financial Inc. acquired a new position in S&P Global in the fourth quarter worth $527,207,000. Proficio Capital Partners LLC grew its holdings in shares of S&P Global by 71,024.1% during the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock worth $308,525,000 after purchasing an additional 618,620 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of S&P Global in the fourth quarter valued at $144,091,000. Finally, APG Asset Management N.V. lifted its position in S&P Global by 1,384.4% during the 4th quarter. APG Asset Management N.V. now owns 290,500 shares of the business services provider’s stock worth $139,718,000 after buying an additional 270,930 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SPGI has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of S&P Global from $633.00 to $607.00 and set an “overweight” rating for the company in a research note on Thursday. BMO Capital Markets raised their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. UBS Group upped their target price on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Mizuho assumed coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price target for the company. Finally, Bank of America started coverage on shares of S&P Global in a report on Thursday, April 10th. They set a “buy” rating and a $600.00 target price for the company. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $591.86.

S&P Global Trading Down 0.3 %

NYSE:SPGI opened at $462.55 on Friday. The business’s 50-day simple moving average is $499.33 and its 200-day simple moving average is $504.61. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $145.17 billion, a PE ratio of 37.45, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating 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 last year, the company earned $3.13 EPS. Sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is 31.09%.

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.