Banco BTG Pactual S.A. Purchases 1,406 Shares of S&P Global Inc. (NYSE:SPGI)

Banco BTG Pactual S.A. grew its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 180.3% in the fourth quarter, HoldingsChannel reports. The fund owned 2,186 shares of the business services provider’s stock after purchasing an additional 1,406 shares during the quarter. Banco BTG Pactual S.A.’s holdings in S&P Global were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Howard Capital Management Group LLC increased its stake in shares of S&P Global by 3.2% in the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock worth $471,000 after purchasing an additional 28 shares in the last quarter. Eagle Asset Management Inc. boosted its holdings in S&P Global by 53.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 5,536 shares of the business services provider’s stock worth $2,784,000 after buying an additional 1,936 shares during the period. Great Valley Advisor Group Inc. increased its stake in S&P Global by 11.7% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 591 shares of the business services provider’s stock worth $305,000 after buying an additional 62 shares in the last quarter. Penserra Capital Management LLC raised its stake in S&P Global by 114.0% during the 3rd quarter. Penserra Capital Management LLC now owns 3,240 shares of the business services provider’s stock valued at $1,672,000 after purchasing an additional 1,726 shares during the period. Finally, Larson Financial Group LLC increased its holdings in S&P Global by 471.1% in the 3rd quarter. Larson Financial Group LLC now owns 217 shares of the business services provider’s stock valued at $112,000 after acquiring an additional 179 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SPGI shares. Evercore ISI upped their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Citigroup began coverage on shares of S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. UBS Group increased their price target on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Oppenheimer lowered their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, BMO Capital Markets boosted their price objective on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $590.86.

S&P Global Trading Up 2.0 %

S&P Global stock opened at $513.83 on Wednesday. The firm has a 50-day moving average price of $514.89 and a two-hundred day moving average price of $510.33. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $158.16 billion, a price-to-earnings ratio of 41.61, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39.

S&P Global (NYSE:SPGI) last issued its earnings results 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 quarter in the previous year, the business earned $3.13 earnings per share. Sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. 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 payout ratio is currently 31.09%.

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.