S&P Global Inc. (NYSE:SPGI) Stock Position Reduced by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft lowered its position in S&P Global Inc. (NYSE:SPGI) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,602 shares of the business services provider’s stock after selling 583 shares during the quarter. S&P Global makes up approximately 0.7% of Baader Bank Aktiengesellschaft’s holdings, making the stock its 17th biggest position. Baader Bank Aktiengesellschaft’s holdings in S&P Global were worth $10,758,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Nordea Investment Management AB boosted its stake in shares of S&P Global by 52.0% in the 4th 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 during the last quarter. GDS Wealth Management lifted its holdings in S&P Global by 7.0% during the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after purchasing an additional 1,801 shares during the last quarter. Sanctuary Advisors LLC grew its position 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 purchasing an additional 3,093 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of S&P Global in the third quarter valued at about $27,170,000. Finally, Eastern Bank raised its position 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 buying an additional 1,530 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Evercore ISI started coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target on the stock. Wells Fargo & Company dropped their price target on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. UBS Group boosted their target price on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Citigroup initiated coverage on S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 price objective on the stock. Finally, Morgan Stanley raised their price objective on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Two 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $584.54.

S&P Global Stock Performance

Shares of SPGI opened at $517.31 on Thursday. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $160.52 billion, a P/E ratio of 45.66, a P/E/G ratio of 2.36 and a beta of 1.20. The stock has a 50-day moving average of $505.75 and a two-hundred day moving average of $503.99.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

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.