S&P Global Inc. (NYSE:SPGI) Shares Acquired by Fullerton Fund Management Co Ltd.

Fullerton Fund Management Co Ltd. increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 4,126.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,270 shares of the business services provider’s stock after buying an additional 115,472 shares during the period. S&P Global comprises approximately 2.1% of Fullerton Fund Management Co Ltd.’s holdings, making the stock its 15th biggest holding. Fullerton Fund Management Co Ltd.’s holdings in S&P Global were worth $58,902,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eastern Bank boosted its stake in shares of S&P Global by 3.1% during the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock valued at $24,980,000 after buying an additional 1,530 shares during the last quarter. Wealthfront Advisers LLC increased its holdings in S&P Global by 19.1% in the fourth quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider’s stock valued at $18,799,000 after buying an additional 6,051 shares during the last quarter. Synergy Asset Management LLC raised its stake in S&P Global by 110.8% during the fourth quarter. Synergy Asset Management LLC now owns 23,868 shares of the business services provider’s stock valued at $12,066,000 after buying an additional 12,547 shares in the last quarter. Miracle Mile Advisors LLC raised its position in shares of S&P Global by 50.0% during the 4th quarter. Miracle Mile Advisors LLC now owns 21,496 shares of the business services provider’s stock valued at $10,705,000 after acquiring an additional 7,170 shares in the last quarter. Finally, James Hambro & Partners LLP lifted its stake in S&P Global by 0.9% during the fourth quarter. James Hambro & Partners LLP now owns 217,029 shares of the business services provider’s stock worth $108,173,000 after purchasing an additional 1,899 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Bank of America assumed coverage on shares of S&P Global in a report on Thursday, April 10th. They issued a “buy” rating and a $600.00 price target for the company. JPMorgan Chase & Co. cut their price target on S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Stifel Nicolaus reduced their price target on shares of S&P Global from $629.00 to $603.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. UBS Group upped their target price on shares of S&P Global from $555.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Finally, StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and an average target price of $592.71.

Insiders Place Their Bets

In related news, EVP Sally Moore sold 500 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the sale, the executive vice president now directly owns 5,131 shares in the company, valued at approximately $2,619,016.33. This trade represents a 8.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

S&P Global Stock Down 0.0 %

NYSE SPGI opened at $507.44 on Friday. S&P Global Inc. has a 12 month low of $419.49 and a 12 month high of $545.39. The company has a market capitalization of $155.63 billion, a P/E ratio of 41.09, a PEG ratio of 2.41 and a beta of 1.23. The company’s 50 day simple moving average is $486.24 and its 200 day simple moving average is $501.60. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.01 EPS. Equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global’s payout ratio is 30.16%.

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.