BI Asset Management Fondsmaeglerselskab A S Acquires 2,677 Shares of S&P Global Inc. $SPGI

BI Asset Management Fondsmaeglerselskab A S boosted its stake in S&P Global Inc. (NYSE:SPGI) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,797 shares of the business services provider’s stock after acquiring an additional 2,677 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in S&P Global were worth $33,942,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. MTM Investment Management LLC bought a new position in S&P Global in the second quarter worth about $27,000. J.Safra Asset Management Corp purchased a new position in shares of S&P Global during the 3rd quarter worth approximately $29,000. Spurstone Advisory Services LLC purchased a new position in shares of S&P Global during the 2nd quarter worth approximately $34,000. Howard Hughes Medical Institute bought a new position in shares of S&P Global in the 2nd quarter worth approximately $36,000. Finally, Solstein Capital LLC purchased a new position in shares of S&P Global in the 2nd quarter valued at approximately $38,000. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Evercore ISI lifted their target price on shares of S&P Global from $629.00 to $632.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. BMO Capital Markets set a $546.00 price objective on S&P Global in a research report on Friday, November 14th. Morgan Stanley upped their target price on shares of S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Stifel Nicolaus cut their price target on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. decreased their price objective on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $615.64.

S&P Global Price Performance

NYSE:SPGI opened at $464.65 on Thursday. The business’s 50-day simple moving average is $518.20 and its two-hundred day simple moving average is $516.57. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The stock has a market cap of $140.70 billion, a PE ratio of 33.79, a P/E/G ratio of 1.99 and a beta of 1.20. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis and a yield of 0.8%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s payout ratio is presently 27.93%.

S&P Global Company Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.