Blueshift Asset Management LLC Takes $597,000 Position in S&P Global Inc. (NYSE:SPGI)

Blueshift Asset Management LLC bought a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the 4th quarter, Holdings Channel.com reports. The firm bought 1,199 shares of the business services provider’s stock, valued at approximately $597,000.

Other institutional investors also recently bought and sold shares of the company. Human Investing LLC purchased a new stake in S&P Global during the 4th quarter valued at about $30,000. Noble Wealth Management PBC purchased a new stake in S&P Global during the 4th quarter valued at about $31,000. Dunhill Financial LLC lifted its holdings in S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after buying an additional 34 shares during the period. Sound Income Strategies LLC lifted its holdings in S&P Global by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after buying an additional 63 shares during the period. Finally, BankPlus Trust Department purchased a new stake in S&P Global in the 4th quarter worth approximately $40,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SPGI has been the subject of several research analyst reports. Oppenheimer dropped their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. UBS Group increased their price objective on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Morgan Stanley increased their price objective on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Mizuho initiated coverage on S&P Global in a report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price objective for the company. Finally, Citigroup initiated coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $590.86.

S&P Global Stock Up 0.4 %

SPGI stock opened at $497.20 on Friday. S&P Global Inc. has a twelve month low of $407.69 and a twelve month 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 firm has a market cap of $153.04 billion, a PE ratio of 40.26, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The business has a 50 day moving average of $513.56 and a 200 day moving average of $510.53.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating 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 last year, the firm posted $3.13 earnings per share. On average, research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is 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.