Los Angeles Capital Management LLC Has $20.91 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Los Angeles Capital Management LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,988 shares of the business services provider’s stock after buying an additional 1,423 shares during the period. Los Angeles Capital Management LLC’s holdings in S&P Global were worth $20,911,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Headinvest LLC raised its holdings in S&P Global by 2.0% during the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after buying an additional 20 shares during the last quarter. EWA LLC raised its holdings in shares of S&P Global by 4.2% in the third quarter. EWA LLC now owns 498 shares of the business services provider’s stock valued at $254,000 after purchasing an additional 20 shares during the last quarter. Continuum Advisory LLC raised its holdings in shares of S&P Global by 1.3% in the third quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock valued at $788,000 after purchasing an additional 20 shares during the last quarter. Fullcircle Wealth LLC raised its holdings in shares of S&P Global by 1.2% in the third quarter. Fullcircle Wealth LLC now owns 1,789 shares of the business services provider’s stock valued at $872,000 after purchasing an additional 21 shares during the last quarter. Finally, Archer Investment Corp raised its holdings in shares of S&P Global by 21.0% in the third quarter. Archer Investment Corp now owns 127 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 22 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $533.80 on Wednesday. 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 capitalization of $164.30 billion, a PE ratio of 43.22, a P/E/G ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The company has a 50-day moving average price of $511.35 and a two-hundred day moving average price of $510.09.

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 analysts’ consensus estimates 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 firm earned $3.13 earnings per share. Equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

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 yield of 0.72%. The ex-dividend date 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 (DPR) is currently 31.09%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. UBS Group increased their target price on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Oppenheimer lowered their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Wells Fargo & Company increased their target price on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, Morgan Stanley increased their price target on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $590.23.

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.