Argentarii LLC Invests $2.62 Million in S&P Global Inc. (NYSE:SPGI)

Argentarii LLC bought a new position in shares of S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,269 shares of the business services provider’s stock, valued at approximately $2,624,000. S&P Global makes up about 1.3% of Argentarii LLC’s holdings, making the stock its 16th biggest holding.

A number of other large investors have also modified their holdings of SPGI. Swedbank AB grew its holdings in shares of S&P Global by 11.8% during the third quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock worth $450,280,000 after buying an additional 92,115 shares in the last quarter. Howard Capital Management Group LLC grew its holdings in shares of S&P Global by 3.2% during the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock worth $471,000 after buying an additional 28 shares in the last quarter. Portside Wealth Group LLC grew its holdings in shares of S&P Global by 8.7% during the third quarter. Portside Wealth Group LLC now owns 853 shares of the business services provider’s stock worth $441,000 after buying an additional 68 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of S&P Global during the third quarter worth $31,000. Finally, CWA Asset Management Group LLC purchased a new stake in shares of S&P Global during the third quarter worth $1,130,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 3.3 %

Shares of SPGI stock opened at $497.35 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $153.08 billion, a PE ratio of 40.27, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a 50-day moving average of $515.06 and a two-hundred day moving average of $511.59. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39.

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 the consensus estimate 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. On average, analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a $0.96 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.77%. S&P Global’s dividend payout ratio (DPR) is presently 31.09%.

Analyst Ratings Changes

A number of research firms have recently issued reports on SPGI. Evercore ISI upped their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. BMO Capital Markets raised their price objective on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Oppenheimer cut their price objective on shares of 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. Citigroup started coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. Finally, Wells Fargo & Company raised their price objective on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $590.23.

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.