Los Angeles Capital Management LLC Has $20.91 Million Position in S&P Global Inc. (NYSE:SPGI)

Los Angeles Capital Management LLC grew its position in S&P Global Inc. (NYSE:SPGI) by 3.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,988 shares of the business services provider’s stock after buying an additional 1,423 shares during the quarter. Los Angeles Capital Management LLC’s holdings in S&P Global were worth $20,911,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Pine Valley Investments Ltd Liability Co increased its position in S&P Global by 12.4% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 12,483 shares of the business services provider’s stock worth $6,217,000 after purchasing an additional 1,381 shares in the last quarter. BankPlus Trust Department acquired a new position in S&P Global during the 4th quarter worth approximately $40,000. GHE LLC increased its position in S&P Global by 2.1% during the 4th quarter. GHE LLC now owns 13,504 shares of the business services provider’s stock worth $6,976,000 after purchasing an additional 274 shares in the last quarter. Crestwood Advisors Group LLC increased its position in S&P Global by 1.0% during the 4th quarter. Crestwood Advisors Group LLC now owns 80,614 shares of the business services provider’s stock worth $40,148,000 after purchasing an additional 779 shares in the last quarter. Finally, IFP Advisors Inc increased its position in S&P Global by 4.5% during the 4th quarter. IFP Advisors Inc now owns 5,370 shares of the business services provider’s stock worth $2,675,000 after purchasing an additional 232 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Up 0.1 %

NYSE:SPGI opened at $533.80 on Wednesday. The firm’s fifty day moving average is $511.35 and its 200-day moving average is $510.09. 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 52 week low of $407.69 and a 52 week high of $545.39. The firm has a market cap of $164.30 billion, a P/E ratio of 43.22, a P/E/G ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its earnings results 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 net margin of 27.12% and a return on equity of 14.33%. During the same quarter last year, the firm earned $3.13 EPS. Equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. The ex-dividend date is Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.72%. S&P Global’s dividend payout ratio is currently 31.09%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SPGI shares. Oppenheimer lowered their price objective on shares of 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. Morgan Stanley upped their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Wells Fargo & Company boosted their target price on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. BMO Capital Markets boosted their target price on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Finally, UBS Group boosted their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $590.23.

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.