Invesco Ltd. Has $1.44 Billion Holdings in S&P Global Inc. (NYSE:SPGI)

Invesco Ltd. cut its holdings in S&P Global Inc. (NYSE:SPGI) by 11.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,891,884 shares of the business services provider’s stock after selling 381,163 shares during the quarter. Invesco Ltd.’s holdings in S&P Global were worth $1,440,245,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Nordea Investment Management AB grew its holdings in shares of S&P Global by 52.0% in the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after acquiring an additional 225,370 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of S&P Global by 12.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock worth $14,198,000 after purchasing an additional 3,093 shares in the last quarter. Eastern Bank raised its stake in shares of S&P Global by 3.1% during the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock worth $24,980,000 after purchasing an additional 1,530 shares in the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of S&P Global by 19.1% in the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider’s stock valued at $18,799,000 after buying an additional 6,051 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in S&P Global during the third quarter worth $27,170,000. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the subject of a number of analyst reports. Evercore ISI lifted their price objective on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Citigroup assumed coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective on the stock. StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Mizuho initiated coverage on S&P Global in a report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price target for the company. Finally, Morgan Stanley lifted 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 report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $590.86.

S&P Global Stock Down 7.7 %

Shares of NYSE SPGI opened at $451.47 on Monday. The stock has a 50-day moving average price of $513.70 and a two-hundred day moving average price of $509.15. The company has a market cap of $141.69 billion, a price-to-earnings ratio of 36.56, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 12 month low of $405.23 and a 12 month high of $545.39. 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 (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (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 quarter in the prior year, the firm earned $3.13 earnings per share. As a group, 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.96 per share. The ex-dividend date of this dividend 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 0.85%. S&P Global’s dividend payout ratio (DPR) is currently 31.09%.

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.