Promus Capital LLC Makes New $203,000 Investment in S&P Global Inc. (NYSE:SPGI)

Promus Capital LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 407 shares of the business services provider’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vision Financial Markets LLC bought a new stake in S&P Global during the 4th quarter worth approximately $78,000. Cullen Frost Bankers Inc. grew its holdings in shares of S&P Global by 1.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 30,353 shares of the business services provider’s stock valued at $15,117,000 after acquiring an additional 388 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of S&P Global by 1.1% in the fourth quarter. Arizona State Retirement System now owns 92,752 shares of the business services provider’s stock valued at $46,193,000 after acquiring an additional 972 shares in the last quarter. Sound Financial Strategies Group LLC grew its holdings in shares of S&P Global by 12.5% in the fourth quarter. Sound Financial Strategies Group LLC now owns 1,808 shares of the business services provider’s stock valued at $900,000 after acquiring an additional 201 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its holdings in shares of S&P Global by 42.8% in the fourth quarter. Proficio Capital Partners LLC now owns 1,244 shares of the business services provider’s stock valued at $619,000 after acquiring an additional 373 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SPGI shares. Morgan Stanley upped their target price on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Oppenheimer reduced 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. BMO Capital Markets upped their target price on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. UBS Group upped their target price on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, Citigroup began coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $590.23.

S&P Global Trading Up 1.3 %

NYSE:SPGI opened at $523.27 on Thursday. The company has a market cap of $161.06 billion, a P/E ratio of 42.37, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The stock’s fifty day moving average price is $514.96 and its two-hundred day moving average price is $511.46.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the company earned $3.13 EPS. As a group, analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is 31.09%.

S&P Global 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.