Fmr LLC Reduces Holdings in S&P Global Inc. (NYSE:SPGI)

Fmr LLC reduced its stake in S&P Global Inc. (NYSE:SPGI) by 1.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,894,110 shares of the business services provider’s stock after selling 71,259 shares during the quarter. Fmr LLC’s holdings in S&P Global were worth $2,935,444,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPGI. Geode Capital Management LLC increased its stake in S&P Global by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider’s stock valued at $3,273,264,000 after purchasing an additional 116,208 shares in the last quarter. Norges Bank purchased a new stake in shares of S&P Global during the fourth quarter valued at $1,725,084,000. Amundi grew its holdings in shares of 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 during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of S&P Global by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,999,467 shares of the business services provider’s stock valued at $995,795,000 after acquiring an additional 62,770 shares during the period. Finally, Cantillon Capital Management LLC raised its stake in S&P Global by 0.5% in the 4th quarter. Cantillon Capital Management LLC now owns 1,868,814 shares of the business services provider’s stock worth $930,725,000 after acquiring an additional 9,880 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

Shares of SPGI stock opened at $451.47 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. The business’s 50 day moving average is $513.70 and its two-hundred day moving average is $509.23. The company has a market capitalization of $141.69 billion, a P/E ratio of 36.56, a P/E/G ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same period last year, the firm posted $3.13 earnings per share. Analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. The ex-dividend date was Wednesday, February 26th. This is a positive change 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 0.85%. S&P Global’s payout ratio is currently 31.09%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. UBS Group increased their price objective on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Mizuho started coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price target on the stock. BMO Capital Markets lifted their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Morgan Stanley increased their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Finally, Citigroup started coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $590.86.

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.