By otakuyassine3@gmail.com 
Forsta AP Fonden lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 0.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 77,085 shares of the business services provider’s stock after selling 100 shares during the quarter. Forsta AP Fonden’s holdings in S&P Global were worth $38,391,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in SPGI. Nordea Investment Management AB lifted its holdings in shares of S&P Global by 52.0% during the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after acquiring an additional 225,370 shares during the period. GDS Wealth Management lifted its stake in S&P Global by 7.0% during the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock worth $14,134,000 after purchasing an additional 1,801 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of S&P Global by 12.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after purchasing an additional 3,093 shares in the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of S&P Global in the 3rd quarter valued at $27,170,000. Finally, Eastern Bank increased its stake in shares of S&P Global by 3.1% in the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock valued at $24,980,000 after purchasing an additional 1,530 shares during the last quarter. 87.17% of the stock is owned by institutional investors.
S&P Global Trading Down 0.0 %
NYSE:SPGI opened at $520.54 on Wednesday. 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. The firm’s fifty day moving average is $505.75 and its 200-day moving average is $503.99. The firm has a market cap of $161.52 billion, a P/E ratio of 45.94, a P/E/G ratio of 2.36 and a beta of 1.20.
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 given a $0.96 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. S&P Global’s dividend payout ratio (DPR) is 32.13%.
Analysts Set New Price Targets
SPGI has been the topic of a number of recent analyst reports. Evercore ISI started coverage on S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price on the stock. Citigroup started coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. BMO Capital Markets boosted their target price 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. Wells Fargo & Company dropped their price target on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Finally, Morgan Stanley upped 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. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $584.54.
View Our Latest Stock Report on SPGI
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.
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