685 Shares in S&P Global Inc. (NYSE:SPGI) Bought by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC purchased a new stake in S&P Global Inc. (NYSE:SPGI) during the 4th quarter, Holdings Channel reports. The firm purchased 685 shares of the business services provider’s stock, valued at approximately $341,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Nordea Investment Management AB increased its position in shares of S&P Global by 52.0% in the fourth 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 during the last quarter. Eastern Bank increased its position 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 during the last quarter. Wealthfront Advisers LLC raised its stake in shares of S&P Global by 19.1% during the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider’s stock worth $18,799,000 after purchasing an additional 6,051 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of S&P Global in the 3rd quarter valued at approximately $27,170,000. Finally, American Trust grew its stake in shares of S&P Global by 76.2% in the third quarter. American Trust now owns 2,518 shares of the business services provider’s stock valued at $1,301,000 after buying an additional 1,089 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SPGI shares. UBS Group upped their price target 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. Bank of America initiated coverage on shares of S&P Global in a report on Thursday, April 10th. They issued a “buy” rating and a $600.00 target price on the stock. Citigroup assumed coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price target for the company. Evercore ISI upped their price objective on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Finally, Oppenheimer reduced their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $591.86.

S&P Global Stock Down 0.3 %

SPGI opened at $462.55 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a fifty day moving average of $499.33 and a 200-day moving average of $504.61. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The company has a market capitalization of $145.17 billion, a P/E ratio of 37.45, a P/E/G ratio of 2.41 and a beta of 1.26.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) 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 in the prior year, the company posted $3.13 earnings per share. On average, equities analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.96 dividend. 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. This represents a $3.84 annualized dividend and a yield of 0.83%. S&P Global’s payout ratio is currently 31.09%.

S&P Global Company 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.