S&P Global Inc. (NYSE:SPGI) Shares Purchased by Horizon Investments LLC

Horizon Investments LLC boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 2.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,783 shares of the business services provider’s stock after purchasing an additional 147 shares during the quarter. Horizon Investments LLC’s holdings in S&P Global were worth $3,378,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its holdings in S&P Global by 52.0% in the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after purchasing an additional 225,370 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of S&P Global by 12.6% in the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after acquiring an additional 3,093 shares during the period. Eastern Bank boosted its holdings in shares of S&P Global by 3.1% in the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock valued at $24,980,000 after acquiring an additional 1,530 shares during the period. Oddo BHF Asset Management Sas acquired a new stake in shares of S&P Global in the third quarter valued at approximately $27,170,000. Finally, Eagle Asset Management Inc. boosted its holdings in shares of S&P Global by 53.8% in the third quarter. Eagle Asset Management Inc. now owns 5,536 shares of the business services provider’s stock valued at $2,784,000 after acquiring an additional 1,936 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Down 0.8 %

NYSE:SPGI opened at $490.26 on Wednesday. The stock has a fifty day moving average price of $513.54 and a two-hundred day moving average price of $510.73. The stock has a market capitalization of $150.90 billion, a price-to-earnings ratio of 39.70, a PEG ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (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 previous year, the business earned $3.13 earnings per share. As a group, sell-side analysts anticipate that S&P Global Inc. will post 17.11 earnings per share 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. Shareholders of record on Wednesday, February 26th were issued a $0.96 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.78%. S&P Global’s dividend payout ratio is 31.09%.

Analysts Set New Price Targets

Several research firms have recently weighed in on SPGI. BMO Capital Markets increased their price objective on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Oppenheimer cut their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Evercore ISI upped their price target on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Mizuho initiated coverage on S&P Global in a research note on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price target for the company. Finally, UBS Group upped their price target on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Three investment 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.com, the company currently has an average rating of “Moderate Buy” and an average price target of $590.86.

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.