S&P Global Inc. (NYSE:SPGI) Shares Sold by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,602 shares of the business services provider’s stock after selling 583 shares during the period. S&P Global comprises approximately 0.7% of Baader Bank Aktiengesellschaft’s investment portfolio, making the stock its 17th biggest position. Baader Bank Aktiengesellschaft’s holdings in S&P Global were worth $10,758,000 as of its most recent SEC filing.

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

S&P Global Price Performance

NYSE:SPGI opened at $517.31 on Thursday. The stock has a fifty day moving average of $505.75 and a 200 day moving average of $503.99. The firm has a market capitalization of $160.52 billion, a price-to-earnings ratio of 45.66, a P/E/G ratio of 2.36 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a $0.96 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global’s payout ratio is presently 32.13%.

Analyst Upgrades and Downgrades

SPGI has been the subject of several research reports. 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. Wells Fargo & Company lowered their target price on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Robert W. Baird raised their price objective on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. 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. Finally, Morgan Stanley upped their price target on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $584.54.

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.