Collier Financial Makes New Investment in S&P Global Inc. (NYSE:SPGI)

Collier Financial bought a new stake in 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 5,886 shares of the business services provider’s stock, valued at approximately $2,931,000. S&P Global comprises approximately 2.6% of Collier Financial’s holdings, making the stock its 13th largest holding.

Other hedge funds have also made changes to their positions in the company. Nordea Investment Management AB grew its stake in shares of S&P Global by 52.0% in the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after purchasing an additional 225,370 shares during the last quarter. GDS Wealth Management lifted its holdings in shares of S&P Global by 7.0% during the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock worth $14,134,000 after purchasing an additional 1,801 shares during the period. Sanctuary Advisors LLC grew its position in S&P Global by 12.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after buying an additional 3,093 shares during the last quarter. Eastern Bank grew its position in S&P Global by 3.1% in the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock valued at $24,980,000 after buying an additional 1,530 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in S&P Global in the 3rd quarter valued at $27,170,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of NYSE SPGI opened at $514.26 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The company’s 50-day moving average price is $505.85 and its 200 day moving average price is $505.78. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29. The stock has a market cap of $159.58 billion, a price-to-earnings ratio of 45.39, a PEG ratio of 2.39 and a beta of 1.20.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is 32.13%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. UBS Group lifted their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Robert W. Baird boosted their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Morgan Stanley lifted their price target on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Stifel Nicolaus increased their price objective on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $584.54.

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.