S&P Global Inc. (NYSE:SPGI) Shares Bought by Allred Capital Management LLC

Allred Capital Management LLC increased its stake in S&P Global Inc. (NYSE:SPGI) by 22.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,730 shares of the business services provider’s stock after acquiring an additional 316 shares during the quarter. Allred Capital Management LLC’s holdings in S&P Global were worth $862,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in S&P Global by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider’s stock worth $3,273,264,000 after purchasing an additional 116,208 shares in the last quarter. Norges Bank purchased a new position in shares of S&P Global in the fourth quarter worth approximately $1,725,084,000. Amundi raised its holdings in shares of S&P Global by 6.6% during the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider’s stock valued at $1,162,979,000 after acquiring an additional 145,434 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of S&P Global by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,999,467 shares of the business services provider’s stock valued at $995,795,000 after acquiring an additional 62,770 shares in the last quarter. Finally, Cantillon Capital Management LLC lifted its position in shares of S&P Global by 0.5% in the 4th quarter. Cantillon Capital Management LLC now owns 1,868,814 shares of the business services provider’s stock valued at $930,725,000 after acquiring an additional 9,880 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wells Fargo & Company cut their target price on shares of S&P Global from $633.00 to $607.00 and set an “overweight” rating on the stock in a research note on Thursday. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Oppenheimer decreased their price objective on 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. JPMorgan Chase & Co. dropped their target price on S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, UBS Group raised their price target on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price of $591.86.

S&P Global Stock Performance

Shares of SPGI opened at $462.55 on Friday. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The company’s fifty day moving average is $500.89 and its 200-day moving average is $504.95. 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 $145.17 billion, a price-to-earnings ratio of 37.45, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26.

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. Equities analysts expect that S&P Global Inc. will post 17.11 EPS 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. Investors of record on Wednesday, February 26th were paid a $0.96 dividend. The ex-dividend date was Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 0.83%. S&P Global’s dividend payout ratio (DPR) 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.