S&P Global Inc. (NYSE:SPGI) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 9.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,904 shares of the business services provider’s stock after acquiring an additional 3,508 shares during the period. MML Investors Services LLC’s holdings in S&P Global were worth $19,873,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Parkside Financial Bank & Trust boosted its holdings in S&P Global by 2.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock worth $515,000 after buying an additional 20 shares in the last quarter. Personal CFO Solutions LLC grew its holdings in shares of S&P Global by 3.1% in the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider’s stock worth $336,000 after acquiring an additional 20 shares during the last quarter. Anfield Capital Management LLC raised its position in shares of S&P Global by 25.6% during the fourth quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider’s stock worth $54,000 after purchasing an additional 22 shares during the period. Invenio Wealth Partners LLC lifted its holdings in shares of S&P Global by 4.0% during the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider’s stock valued at $286,000 after purchasing an additional 22 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its position in shares of S&P Global by 4.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider’s stock valued at $265,000 after purchasing an additional 23 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

NYSE SPGI opened at $448.89 on Tuesday. The firm has a market cap of $140.88 billion, a P/E ratio of 36.35, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. The stock’s 50-day moving average is $497.69 and its two-hundred day moving average is $504.02. 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 debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

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 return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the previous year, the company earned $3.13 earnings per share. On average, analysts anticipate 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 announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.96 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.86%. S&P Global’s payout ratio is currently 31.09%.

Analysts Set New Price Targets

SPGI has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on shares of S&P Global from $633.00 to $607.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Bank of America started coverage on S&P Global in a report on Thursday, April 10th. They issued a “buy” rating and a $600.00 target price for the company. BMO Capital Markets lifted their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price objective on S&P Global from $618.00 to $565.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Finally, Oppenheimer reduced their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $591.86.

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.