Fox Run Management L.L.C. Has $805,000 Stock Position in S&P Global Inc. (NYSE:SPGI)

Fox Run Management L.L.C. raised its stake in shares of S&P Global Inc. (NYSE:SPGI) by 126.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,617 shares of the business services provider’s stock after purchasing an additional 902 shares during the quarter. Fox Run Management L.L.C.’s holdings in S&P Global were worth $805,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SPGI. Human Investing LLC bought a new position in shares of S&P Global during the 4th quarter valued at about $30,000. Noble Wealth Management PBC acquired a new position in S&P Global in the 4th quarter valued at $31,000. Dunhill Financial LLC grew its holdings in S&P Global by 94.4% in the 3rd 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. Sound Income Strategies LLC grew its holdings in S&P Global by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after buying an additional 63 shares in the last quarter. Finally, BankPlus Trust Department acquired a new position in S&P Global in the 4th quarter valued at $40,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

S&P Global stock opened at $497.62 on Monday. 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 company has a market capitalization of $153.17 billion, a PE ratio of 40.29, a P/E/G ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The stock has a 50-day moving average price of $513.85 and a two-hundred day moving average price of $510.40.

S&P Global (NYSE:SPGI) last posted 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 return on equity of 14.33% and a net margin of 27.12%. During the same period in the prior year, the firm earned $3.13 earnings per share. Analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a $0.96 dividend. The ex-dividend date was Wednesday, February 26th. 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 0.77%. S&P Global’s dividend payout ratio (DPR) is currently 31.09%.

Analyst Ratings Changes

Several analysts have recently issued reports on SPGI shares. Oppenheimer reduced their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Mizuho started coverage on S&P Global in a report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price on the stock. BMO Capital Markets increased their target price on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Wells Fargo & Company increased 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. Finally, StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $590.86.

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.