Asset Management One Co. Ltd. Buys 1,432 Shares of S&P Global Inc. (NYSE:SPGI)

Asset Management One Co. Ltd. increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 153,466 shares of the business services provider’s stock after acquiring an additional 1,432 shares during the period. Asset Management One Co. Ltd.’s holdings in S&P Global were worth $77,009,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SPGI. Northwest Investment Counselors LLC acquired a new position in shares of S&P Global in the 3rd quarter worth approximately $27,000. First Personal Financial Services bought a new position in S&P Global in the 3rd quarter valued at $29,000. Capital Performance Advisors LLP acquired a new position in S&P Global in the third quarter worth $31,000. Voisard Asset Management Group Inc. grew its holdings in shares of S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after purchasing an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC increased its stake in shares of S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after buying an additional 34 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

S&P Global stock opened at $542.44 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $168.32 billion, a P/E ratio of 47.88, a PEG ratio of 2.39 and a beta of 1.20. The business has a 50-day moving average of $506.35 and a 200-day moving average of $506.53. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $542.77.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. During the same period in the prior year, the firm earned $3.13 earnings per share. On average, equities analysts anticipate that S&P Global Inc. will post 15.34 EPS for the current year.

S&P Global Increases Dividend

The firm also recently disclosed 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. This represents a $3.84 annualized dividend and a yield of 0.71%. The ex-dividend date is Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Citigroup started coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective on the stock. BMO Capital Markets raised their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday. StockNews.com raised S&P Global from a “hold” rating to a “buy” rating in a report on Wednesday. Oppenheimer decreased their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Finally, Morgan Stanley boosted their target price on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $587.92.

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.