Elo Mutual Pension Insurance Co Has $14.55 Million Stake in S&P Global Inc. (NYSE:SPGI)

Elo Mutual Pension Insurance Co lowered its position in S&P Global Inc. (NYSE:SPGI) by 3.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 29,221 shares of the business services provider’s stock after selling 1,201 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in S&P Global were worth $14,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP lifted its holdings in S&P Global by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after purchasing an additional 292,436 shares during the last quarter. Geode Capital Management LLC raised its position in shares of S&P Global by 1.8% in the third quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock valued at $3,332,016,000 after purchasing an additional 113,146 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of S&P Global by 1.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock worth $1,401,909,000 after buying an additional 28,458 shares during the last quarter. Amundi boosted its holdings in shares of S&P Global by 6.6% during the 4th quarter. Amundi now owns 2,345,377 shares of the business services provider’s stock worth $1,162,979,000 after buying an additional 145,434 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in 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 buying an additional 62,770 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 1.0 %

SPGI stock opened at $507.99 on Thursday. The stock has a market capitalization of $156.36 billion, a P/E ratio of 41.13, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. 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 firm has a 50-day moving average price of $515.11 and a 200-day moving average price of $510.31. 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 for the quarter, beating 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 period last year, the company earned $3.13 EPS. As a group, equities research analysts anticipate 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 dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.76%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is presently 31.09%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Evercore ISI raised their price objective on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” 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 note on Thursday, February 20th. Morgan Stanley lifted their target price on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. UBS Group increased their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, BMO Capital Markets boosted their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target 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.