S&P Global Inc. (NYSE:SPGI) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 64.6% in the 4th quarter, HoldingsChannel reports. The firm owned 14,796 shares of the business services provider’s stock after purchasing an additional 5,809 shares during the period. Tower Research Capital LLC TRC’s holdings in S&P Global were worth $7,369,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of S&P Global during the fourth quarter worth approximately $1,725,084,000. Raymond James Financial Inc. acquired a new stake in shares of S&P Global in the 4th quarter valued at $527,207,000. Proficio Capital Partners LLC lifted its position in shares of S&P Global by 71,024.1% during the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock worth $308,525,000 after purchasing an additional 618,620 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in S&P Global in the fourth quarter valued at $144,091,000. Finally, APG Asset Management N.V. lifted its holdings in S&P Global by 1,384.4% during the 4th quarter. APG Asset Management N.V. now owns 290,500 shares of the business services provider’s stock worth $139,718,000 after buying an additional 270,930 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of SPGI opened at $462.55 on Friday. 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 stock’s 50 day moving average is $499.33 and its two-hundred day moving average is $504.54. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The firm has a market capitalization of $145.17 billion, a PE 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 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 return on equity of 14.33% and a net margin of 27.12%. During the same period in the prior year, the firm earned $3.13 EPS. Research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a $0.96 dividend. 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 0.83%. S&P Global’s dividend payout ratio (DPR) is 31.09%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SPGI shares. UBS Group raised their target price on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Wells Fargo & Company cut their price target on shares of S&P Global from $633.00 to $607.00 and set an “overweight” rating on the stock in a research note on Thursday. Oppenheimer dropped their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Mizuho started coverage on S&P Global in a research note on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price target on the stock. Finally, Bank of America began coverage on S&P Global in a report on Thursday, April 10th. They issued a “buy” rating and a $600.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $591.86.

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.