1,509 Shares in S&P Global Inc. (NYSE:SPGI) Acquired by AssuredPartners Investment Advisors LLC

AssuredPartners Investment Advisors LLC bought a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,509 shares of the business services provider’s stock, valued at approximately $752,000.

Several other institutional investors have also added to or reduced their stakes in the business. NEOS Investment Management LLC raised its stake in shares of S&P Global by 33.5% in the fourth quarter. NEOS Investment Management LLC now owns 18,204 shares of the business services provider’s stock worth $9,066,000 after buying an additional 4,569 shares during the period. UniSuper Management Pty Ltd increased its holdings in S&P Global by 30.5% in the 4th quarter. UniSuper Management Pty Ltd now owns 19,193 shares of the business services provider’s stock worth $9,559,000 after acquiring an additional 4,485 shares in the last quarter. Sava Infond d.o.o. purchased a new position in S&P Global during the fourth quarter valued at approximately $4,407,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of S&P Global by 5.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 956,884 shares of the business services provider’s stock worth $478,031,000 after purchasing an additional 49,352 shares during the period. Finally, Banco BTG Pactual S.A. increased its stake in shares of S&P Global by 180.3% in the fourth quarter. Banco BTG Pactual S.A. now owns 2,186 shares of the business services provider’s stock worth $1,083,000 after purchasing an additional 1,406 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. UBS Group upped their price objective on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Evercore ISI increased their price objective on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Finally, Mizuho initiated coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 target price on the stock. 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, S&P Global presently has an average rating of “Moderate Buy” and a consensus target price of $590.86.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $508.95 on Friday. The firm has a fifty day simple moving average of $515.19 and a two-hundred day simple moving average of $510.30. 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 market capitalization of $156.66 billion, a P/E ratio of 41.21, a PEG ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping the consensus estimate 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 last year, the company earned $3.13 earnings per share. On average, 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. Stockholders of record on Wednesday, February 26th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio 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.