HUB Investment Partners LLC Has $631,000 Stake in S&P Global Inc. (NYSE:SPGI)

HUB Investment Partners LLC grew its position in S&P Global Inc. (NYSE:SPGI) by 14.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,266 shares of the business services provider’s stock after purchasing an additional 162 shares during the quarter. HUB Investment Partners LLC’s holdings in S&P Global were worth $631,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Whittier Trust Co. grew its stake in S&P Global by 2.2% during the fourth quarter. Whittier Trust Co. now owns 63,038 shares of the business services provider’s stock worth $31,394,000 after purchasing an additional 1,347 shares during the period. Blueshift Asset Management LLC bought a new position in shares of S&P Global during the 4th quarter worth approximately $597,000. iA Global Asset Management Inc. grew its position in shares of S&P Global by 12.9% during the 4th quarter. iA Global Asset Management Inc. now owns 73,171 shares of the business services provider’s stock worth $36,441,000 after buying an additional 8,352 shares during the period. Teacher Retirement System of Texas increased its stake in shares of S&P Global by 37.1% in the 4th quarter. Teacher Retirement System of Texas now owns 185,554 shares of the business services provider’s stock valued at $92,411,000 after acquiring an additional 50,165 shares in the last quarter. Finally, Sandy Spring Bank lifted its position in shares of S&P Global by 18.1% during the 4th quarter. Sandy Spring Bank now owns 13,615 shares of the business services provider’s stock valued at $6,781,000 after acquiring an additional 2,089 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SPGI has been the subject of several research analyst reports. Oppenheimer decreased 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 note on Friday, January 3rd. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Wells Fargo & Company increased their price target on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. UBS Group boosted their price objective on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, Evercore ISI increased their target price on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and an average target price of $590.86.

S&P Global Stock Up 0.1 %

S&P Global stock opened at $497.62 on Friday. 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 quick ratio of 0.85 and a current ratio of 0.85. The firm’s 50-day simple moving average is $513.85 and its 200 day simple moving average is $510.42. The stock has a market cap of $153.17 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share 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 period in the prior year, the firm posted $3.13 EPS. Research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.77%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global’s payout ratio is presently 31.09%.

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.