S&P Global Inc. (NYSE:SPGI) Stake Raised by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,023 shares of the business services provider’s stock after buying an additional 195 shares during the period. Quintet Private Bank Europe S.A.’s holdings in S&P Global were worth $1,506,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SPGI. LGT Fund Management Co Ltd. boosted its position in S&P Global by 16.5% during the 4th quarter. LGT Fund Management Co Ltd. now owns 29,896 shares of the business services provider’s stock worth $14,889,000 after acquiring an additional 4,238 shares during the period. Plato Investment Management Ltd raised its stake in shares of S&P Global by 22.3% during the fourth quarter. Plato Investment Management Ltd now owns 7,386 shares of the business services provider’s stock valued at $3,692,000 after purchasing an additional 1,347 shares in the last quarter. Bellecapital International Ltd. lifted its holdings in S&P Global by 9.6% in the fourth quarter. Bellecapital International Ltd. now owns 31,667 shares of the business services provider’s stock worth $15,771,000 after purchasing an additional 2,764 shares during the period. SBI Securities Co. Ltd. bought a new position in S&P Global in the 4th quarter valued at about $1,645,000. Finally, Jones Financial Companies Lllp grew its position in S&P Global by 31.1% in the 4th quarter. Jones Financial Companies Lllp now owns 30,877 shares of the business services provider’s stock valued at $15,378,000 after buying an additional 7,322 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on SPGI shares. Oppenheimer reduced their price target on shares of 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. Wells Fargo & Company boosted their target price on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. BMO Capital Markets boosted their price objective on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, UBS Group raised their target price on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $590.23.

S&P Global Trading Up 1.7 %

Shares of SPGI opened at $534.09 on Monday. The business’s 50-day moving average price is $513.75 and its 200 day moving average price is $510.95. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $164.39 billion, a P/E ratio of 43.25, a P/E/G ratio of 2.41 and a beta of 1.20. 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 earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share 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 period in the prior year, the company earned $3.13 EPS. 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 announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s payout ratio is 31.09%.

About S&P Global

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.