S&P Global Inc. (NYSE:SPGI) is Ninety One North America Inc.’s 10th Largest Position

Ninety One North America Inc. trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 13.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,069 shares of the business services provider’s stock after selling 20,561 shares during the period. S&P Global comprises approximately 2.9% of Ninety One North America Inc.’s portfolio, making the stock its 10th biggest holding. Ninety One North America Inc.’s holdings in S&P Global were worth $59,941,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Valued Wealth Advisors LLC bought a new position in S&P Global during the fourth quarter valued at about $28,000. Kathleen S. Wright Associates Inc. bought a new position in S&P Global during the third quarter valued at about $25,000. LFA Lugano Financial Advisors SA raised its holdings in S&P Global by 200.0% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after buying an additional 50 shares in the last quarter. Harbour Investments Inc. raised its holdings in S&P Global by 45.8% during the third quarter. Harbour Investments Inc. now owns 86 shares of the business services provider’s stock valued at $31,000 after buying an additional 27 shares in the last quarter. Finally, Fortis Group Advisors LLC bought a new position in S&P Global during the third quarter valued at about $33,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Performance

SPGI stock traded up $2.04 during trading on Thursday, reaching $414.15. 360,611 shares of the stock were exchanged, compared to its average volume of 1,299,477. S&P Global Inc. has a twelve month low of $338.92 and a twelve month high of $461.16. The company has a market capitalization of $132.64 billion, a P/E ratio of 50.07, a price-to-earnings-growth ratio of 2.31 and a beta of 1.15. The stock has a 50 day simple moving average of $425.70 and a 200-day simple moving average of $415.27. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business earned $2.54 earnings per share. As a group, sell-side analysts anticipate that S&P Global Inc. will post 14.03 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.88%. This is an increase from S&P Global’s previous quarterly dividend of $0.90. The ex-dividend date was Monday, February 26th. S&P Global’s payout ratio is presently 44.23%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SPGI. Raymond James raised their price target on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Oppenheimer reaffirmed an “outperform” rating and issued a $480.00 price target on shares of S&P Global in a research report on Tuesday, April 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a research report on Friday, February 9th. BMO Capital Markets raised their price target on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Finally, Barclays raised their price target on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $464.22.

Insider Buying and Selling at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the sale, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.