BI Asset Management Fondsmaeglerselskab A S Acquires 28,376 Shares of S&P Global Inc. (NYSE:SPGI)

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 46.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,918 shares of the business services provider’s stock after purchasing an additional 28,376 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in S&P Global were worth $44,284,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SPGI. Human Investing LLC bought a new position in shares of S&P Global during the 4th quarter worth $30,000. Noble Wealth Management PBC bought a new stake in shares of S&P Global in the fourth quarter valued at approximately $31,000. Hazlett Burt & Watson Inc. lifted its stake in shares of S&P Global by 131.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock valued at $32,000 after buying an additional 38 shares in the last quarter. Sound Income Strategies LLC grew its stake in S&P Global by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after buying an additional 63 shares in the last quarter. Finally, BankPlus Trust Department purchased a new stake in shares of S&P Global during the fourth quarter worth $40,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI opened at $462.55 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $145.17 billion, a P/E ratio of 37.45, a PEG ratio of 2.41 and a beta of 1.26. The stock has a 50-day moving average price of $499.33 and a 200-day moving average price of $504.61. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share 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 last year, the business posted $3.13 earnings per share. Equities analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.83%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is presently 31.09%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SPGI. Wells Fargo & Company reduced their target price on S&P Global from $633.00 to $607.00 and set an “overweight” rating for the company in a report on Thursday. Mizuho assumed coverage on shares of S&P Global in a report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price on the stock. StockNews.com downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. reduced their price target on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, BMO Capital Markets increased their price objective on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. 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, the company currently has an average rating of “Moderate Buy” and an average target price of $591.86.

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.