Jericho Financial LLP Purchases New Shares in S&P Global Inc. (NYSE:SPGI)

Jericho Financial LLP acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) during the fourth quarter, HoldingsChannel reports. The fund acquired 1,772 shares of the business services provider’s stock, valued at approximately $883,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its position in shares of S&P Global by 174,815.4% during the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after buying an additional 466,757 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of S&P Global during the 3rd quarter valued at $224,976,000. FMR LLC lifted its stake in shares of S&P Global by 6.6% in the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after purchasing an additional 369,598 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of S&P Global in the 4th quarter worth $144,091,000. Finally, Wellington Management Group LLP increased its holdings in S&P Global by 3.4% in the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after purchasing an additional 292,436 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SPGI shares. Morgan Stanley raised their target price on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. BMO Capital Markets lifted their price objective on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Stifel Nicolaus upped their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Wells Fargo & Company reduced their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Stock Down 0.9 %

Shares of SPGI opened at $513.59 on Wednesday. The firm’s 50-day simple moving average is $506.36 and its 200 day simple moving average is $504.93. The firm has a market cap of $159.37 billion, a P/E ratio of 45.33, a price-to-earnings-growth ratio of 2.40 and a beta of 1.20. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. 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 dividend payout ratio is presently 32.13%.

S&P Global Company 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.