OVERSEA CHINESE BANKING Corp Ltd Grows Holdings in S&P Global Inc. (NYSE:SPGI)

OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 11.6% during the 4th quarter, HoldingsChannel reports. The firm owned 17,064 shares of the business services provider’s stock after purchasing an additional 1,776 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in S&P Global were worth $8,507,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Swedbank AB raised its stake in S&P Global by 11.8% during the 3rd quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock valued at $450,280,000 after acquiring an additional 92,115 shares during the last quarter. Howard Capital Management Group LLC increased its holdings in shares of S&P Global by 3.2% in the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock valued at $471,000 after purchasing an additional 28 shares during the period. Empowered Funds LLC raised its stake in shares of S&P Global by 6.7% during the third quarter. Empowered Funds LLC now owns 6,027 shares of the business services provider’s stock worth $3,114,000 after purchasing an additional 377 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of S&P Global by 208.8% during the third quarter. Thrivent Financial for Lutherans now owns 45,371 shares of the business services provider’s stock worth $23,440,000 after purchasing an additional 30,679 shares during the period. Finally, Baron Wealth Management LLC grew its position in S&P Global by 6.3% in the 3rd quarter. Baron Wealth Management LLC now owns 1,988 shares of the business services provider’s stock valued at $1,027,000 after buying an additional 117 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Down 0.8 %

NYSE:SPGI opened at $490.26 on Wednesday. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39. 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 stock has a fifty day simple moving average of $513.54 and a 200-day simple moving average of $510.73. The company has a market capitalization of $150.90 billion, a PE ratio of 39.70, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 previous year, the company earned $3.13 earnings per share. On average, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is 31.09%.

Analysts Set New Price Targets

Several analysts have recently commented on SPGI shares. Citigroup initiated coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. Morgan Stanley lifted their price objective on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Mizuho assumed coverage on S&P Global in a research report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price on the stock. BMO Capital Markets raised their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Three equities research 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.