Postrock Partners LLC Buys Shares of 5,205 S&P Global Inc. (NYSE:SPGI)

Postrock Partners LLC bought a new position in shares of S&P Global Inc. (NYSE:SPGI) during the fourth quarter, Holdings Channel reports. The institutional investor bought 5,205 shares of the business services provider’s stock, valued at approximately $2,592,000. S&P Global accounts for 1.3% of Postrock Partners LLC’s portfolio, making the stock its 15th biggest holding.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in shares of S&P Global by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after purchasing an additional 292,436 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of S&P Global by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock valued at $3,332,016,000 after purchasing an additional 113,146 shares during the period. FMR LLC increased its stake in S&P Global by 6.6% in the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after purchasing an additional 369,598 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in S&P Global by 1.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock worth $1,401,909,000 after buying an additional 28,458 shares during the period. Finally, Amundi lifted its stake in S&P Global by 6.6% during the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider’s stock valued at $1,162,979,000 after buying an additional 145,434 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SPGI shares. Oppenheimer dropped their target price on shares of 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. Wells Fargo & Company lifted their price objective on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Evercore ISI upped their price target on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. BMO Capital Markets raised their price objective on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, Morgan Stanley increased their price target 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. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $590.86.

S&P Global Trading Up 0.3 %

S&P Global stock opened at $479.51 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $147.59 billion, a price-to-earnings ratio of 38.83, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The company’s fifty day moving average price is $513.81 and its two-hundred day moving average price is $511.01.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 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 last year, the business posted $3.13 EPS. On average, analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.80%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global’s payout ratio is presently 31.09%.

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.