Compagnie Lombard Odier SCmA Reduces Stake in S&P Global Inc. $SPGI

Compagnie Lombard Odier SCmA reduced its holdings in S&P Global Inc. (NYSE:SPGI) by 7.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 147,779 shares of the business services provider’s stock after selling 11,390 shares during the quarter. S&P Global comprises 0.8% of Compagnie Lombard Odier SCmA’s investment portfolio, making the stock its 27th largest position. Compagnie Lombard Odier SCmA’s holdings in S&P Global were worth $71,926,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after acquiring an additional 143 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in S&P Global by 7.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock worth $547,000 after purchasing an additional 75 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of S&P Global by 5.2% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 10,778 shares of the business services provider’s stock worth $5,683,000 after purchasing an additional 535 shares during the period. CWM LLC boosted its stake in shares of S&P Global by 20.4% during the 2nd quarter. CWM LLC now owns 14,389 shares of the business services provider’s stock valued at $7,587,000 after purchasing an additional 2,440 shares in the last quarter. Finally, Index Fund Advisors Inc. bought a new stake in shares of S&P Global during the 2nd quarter valued at about $341,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SPGI. The Goldman Sachs Group decreased their price target on shares of S&P Global from $638.00 to $555.00 and set a “buy” rating for the company in a research note on Monday. Mizuho upped their target price on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. JPMorgan Chase & Co. lowered their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Evercore upped their price target on S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Finally, Stifel Nicolaus lowered their price objective on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $609.57.

S&P Global Stock Up 1.1%

SPGI stock opened at $444.25 on Tuesday. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34. The firm has a market cap of $134.52 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20. The business has a 50 day moving average of $515.09 and a 200 day moving average of $514.84.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be issued a dividend of $0.97 per share. The ex-dividend date is Wednesday, February 25th. This is a boost from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s dividend payout ratio is 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.