Bailard Inc. Raises Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Bailard Inc. grew its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,867 shares of the business services provider’s stock after buying an additional 87 shares during the period. Bailard Inc.’s holdings in S&P Global were worth $14,875,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. First Personal Financial Services bought a new position in S&P Global during the 3rd quarter worth approximately $29,000. Capital Performance Advisors LLP bought a new position in S&P Global during the 3rd quarter worth approximately $31,000. Human Investing LLC bought a new position in S&P Global during the 4th quarter worth approximately $30,000. Noble Wealth Management PBC bought a new position in S&P Global during the 4th quarter worth approximately $31,000. Finally, Dunhill Financial LLC lifted its holdings in S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after buying an additional 34 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on SPGI shares. Oppenheimer reduced their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. UBS Group raised their price target on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Citigroup initiated coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. Wells Fargo & Company raised their price target on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, BMO Capital Markets raised their price target on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $590.23.

S&P Global Stock Up 1.7 %

SPGI opened at $534.09 on Friday. S&P Global Inc. has a 12 month low of $407.69 and a 12 month 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 cap of $164.39 billion, a P/E ratio of 43.25, a P/E/G ratio of 2.41 and a beta of 1.20. The stock’s 50 day moving average price is $513.75 and its 200 day moving average price is $510.82.

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, beating the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the previous year, the firm posted $3.13 EPS. As a group, research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given 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 dividend yield of 0.72%. S&P Global’s dividend payout ratio (DPR) 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.