Mn Services Vermogensbeheer B.V. Grows Stake in S&P Global Inc. (NYSE:SPGI)

Mn Services Vermogensbeheer B.V. lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 2.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 127,965 shares of the business services provider’s stock after acquiring an additional 2,600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in S&P Global were worth $63,730,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Stegent Equity Advisors Inc. grew its position in shares of S&P Global by 14.7% during the 4th quarter. Stegent Equity Advisors Inc. now owns 639 shares of the business services provider’s stock valued at $318,000 after acquiring an additional 82 shares during the period. GenTrust LLC boosted its position in shares of S&P Global by 29.8% during the 4th quarter. GenTrust LLC now owns 689 shares of the business services provider’s stock valued at $343,000 after acquiring an additional 158 shares during the last quarter. SRN Advisors LLC purchased a new stake in shares of S&P Global during the 4th quarter valued at about $233,000. Whipplewood Advisors LLC bought a new stake in shares of S&P Global in the 4th quarter valued at approximately $98,000. Finally, Impact Investors Inc bought a new position in S&P Global during the fourth quarter valued at $328,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Price Performance

Shares of NYSE SPGI opened at $528.65 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $162.72 billion, a PE ratio of 42.81, a P/E/G ratio of 2.41 and a beta of 1.20. The stock has a fifty day moving average price of $512.12 and a 200 day moving average price of $510.22. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping the consensus estimate 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 last year, the company earned $3.13 EPS. Sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is currently 31.09%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SPGI shares. Evercore ISI lifted their target price on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Citigroup assumed coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. 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 note on Tuesday, February 18th. Finally, Wells Fargo & Company increased their price objective on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $590.23.

S&P Global 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.