Capital Research Global Investors Acquires 14,122 Shares of S&P Global Inc. (NYSE:SPGI)

Capital Research Global Investors raised its stake in S&P Global Inc. (NYSE:SPGI) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,636,182 shares of the business services provider’s stock after purchasing an additional 14,122 shares during the period. Capital Research Global Investors’ holdings in S&P Global were worth $814,868,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of S&P Global by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider’s stock worth $3,273,264,000 after buying an additional 116,208 shares in the last quarter. Norges Bank acquired a new position in shares of S&P Global during the 4th quarter worth approximately $1,725,084,000. Amundi increased its holdings in shares of S&P Global by 6.6% during the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider’s stock worth $1,162,979,000 after purchasing an additional 145,434 shares during the period. Charles Schwab Investment Management Inc. increased its stake in S&P Global by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,999,467 shares of the business services provider’s stock worth $995,795,000 after acquiring an additional 62,770 shares during the period. Finally, Cantillon Capital Management LLC raised its stake in S&P Global by 0.5% in the fourth quarter. Cantillon Capital Management LLC now owns 1,868,814 shares of the business services provider’s stock valued at $930,725,000 after purchasing an additional 9,880 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $462.55 on Friday. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The firm has a market capitalization of $145.17 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 2.41 and a beta of 1.26. The stock’s 50 day moving average is $499.33 and its 200-day moving average is $504.54. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping 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 period in the prior year, the firm earned $3.13 earnings per share. Sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS 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. Stockholders of record on Wednesday, February 26th were issued a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.83%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is currently 31.09%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Oppenheimer dropped their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Bank of America began coverage on shares of S&P Global in a research report on Thursday, April 10th. They set a “buy” rating and a $600.00 target price on the stock. Wells Fargo & Company cut their price target on shares of S&P Global from $633.00 to $607.00 and set an “overweight” rating on the stock in a report on Thursday. Morgan Stanley raised their target price on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. reduced their price target on S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $591.86.

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.