Ninety One North America Inc. Has $25.68 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Ninety One North America Inc. reduced its position in S&P Global Inc. (NYSE:SPGI) by 32.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 51,568 shares of the business services provider’s stock after selling 25,223 shares during the period. S&P Global accounts for 1.6% of Ninety One North America Inc.’s investment portfolio, making the stock its 26th biggest holding. Ninety One North America Inc.’s holdings in S&P Global were worth $25,682,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Czech National Bank grew its stake in shares of S&P Global by 6.9% during the third quarter. Czech National Bank now owns 65,228 shares of the business services provider’s stock worth $33,698,000 after purchasing an additional 4,229 shares during the period. GAMMA Investing LLC grew its stake in shares of S&P Global by 20.6% during the third quarter. GAMMA Investing LLC now owns 3,033 shares of the business services provider’s stock worth $1,567,000 after purchasing an additional 518 shares during the period. Diversified Trust Co grew its stake in shares of S&P Global by 41.1% during the third quarter. Diversified Trust Co now owns 1,689 shares of the business services provider’s stock worth $873,000 after purchasing an additional 492 shares during the period. Smith Anglin Financial LLC grew its stake in shares of S&P Global by 7.3% during the third quarter. Smith Anglin Financial LLC now owns 512 shares of the business services provider’s stock worth $265,000 after purchasing an additional 35 shares during the period. Finally, Chemistry Wealth Management LLC grew its stake in S&P Global by 0.8% in the third quarter. Chemistry Wealth Management LLC now owns 4,580 shares of the business services provider’s stock valued at $2,366,000 after acquiring an additional 37 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Down 0.5 %

NYSE SPGI opened at $515.89 on Tuesday. The business has a fifty day moving average price of $506.40 and a two-hundred day moving average price of $504.70. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The stock has a market capitalization of $160.08 billion, a PE ratio of 45.54, a PEG ratio of 2.40 and a beta of 1.20.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. The ex-dividend date is Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.74%. S&P Global’s dividend payout ratio is presently 32.13%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. BMO Capital Markets boosted their target price on S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. Oppenheimer decreased their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. UBS Group upped their target price on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Morgan Stanley upped their target price on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, Citigroup assumed coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $584.54.

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.