Quantessence Capital LLC Makes New Investment in S&P Global Inc. (NYSE:SPGI)

Quantessence Capital LLC purchased a new position in S&P Global Inc. (NYSE:SPGI) in the 4th quarter, HoldingsChannel reports. The fund purchased 4,068 shares of the business services provider’s stock, valued at approximately $2,026,000. S&P Global comprises approximately 0.8% of Quantessence Capital LLC’s holdings, making the stock its 29th biggest position.

Other hedge funds have also modified their holdings of the company. Human Investing LLC acquired a new stake in S&P Global in the fourth quarter valued at $30,000. Noble Wealth Management PBC purchased a new stake in S&P Global during the fourth quarter worth approximately $31,000. Hazlett Burt & Watson Inc. increased its stake in S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 38 shares during the last quarter. Sound Income Strategies LLC raised its holdings in S&P Global by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after purchasing an additional 63 shares in the last quarter. Finally, BankPlus Trust Department acquired a new position in shares of S&P Global in the 4th quarter valued at $40,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on SPGI shares. Mizuho began coverage on shares of S&P Global in a research note on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price objective for the company. Bank of America started 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. Morgan Stanley raised 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. UBS Group boosted their price target on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, Evercore ISI lifted their target price 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. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $591.86.

S&P Global Stock Performance

Shares of SPGI stock opened at $448.89 on Tuesday. The stock has a market cap of $140.88 billion, a PE ratio of 36.35, a P/E/G ratio of 2.41 and a beta of 1.26. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The stock has a fifty day moving average price of $497.69 and a 200 day moving average price of $504.02.

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. Sell-side 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 company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.96 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Wednesday, February 26th. 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.