Polymer Capital Management HK LTD Buys New Shares in S&P Global Inc. (NYSE:SPGI)

Polymer Capital Management HK LTD purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,571 shares of the business services provider’s stock, valued at approximately $4,767,000.

Several other large investors have also recently added to or reduced their stakes in SPGI. Aster Capital Management DIFC Ltd grew its holdings in shares of S&P Global by 60.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,527 shares of the business services provider’s stock worth $1,259,000 after purchasing an additional 956 shares in the last quarter. Waterloo Capital L.P. lifted its position in S&P Global by 12.9% in the fourth quarter. Waterloo Capital L.P. now owns 3,720 shares of the business services provider’s stock worth $1,853,000 after purchasing an additional 425 shares during the period. Ilmarinen Mutual Pension Insurance Co boosted its stake in S&P Global by 59.5% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 27,064 shares of the business services provider’s stock worth $13,479,000 after buying an additional 10,100 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in S&P Global by 7.5% in the 4th quarter. Russell Investments Group Ltd. now owns 528,807 shares of the business services provider’s stock valued at $263,362,000 after buying an additional 37,011 shares during the period. Finally, Perennial Investment Advisors LLC acquired a new position in shares of S&P Global in the 4th quarter valued at $201,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Down 7.7 %

Shares of SPGI opened at $451.47 on Friday. The stock’s fifty day simple moving average is $513.70 and its 200-day simple moving average is $509.23. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $141.69 billion, a PE ratio of 36.56, a price-to-earnings-growth 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.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating 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 EPS. As a group, research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.96 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.85%. S&P Global’s payout ratio is presently 31.09%.

Analyst Ratings Changes

Several research firms recently issued reports on SPGI. Wells Fargo & Company increased their price target 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. StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Citigroup started coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. Morgan Stanley increased their price objective on 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, Oppenheimer reduced 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 note on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global presently has a consensus 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.