Ninety One SA PTY Ltd Trims Stake in S&P Global Inc. (NYSE:SPGI)

Ninety One SA PTY Ltd lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,692 shares of the business services provider’s stock after selling 45 shares during the quarter. Ninety One SA PTY Ltd’s holdings in S&P Global were worth $2,835,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. E. Ohman J or Asset Management AB boosted its stake in shares of S&P Global by 11.6% during the fourth quarter. E. Ohman J or Asset Management AB now owns 14,620 shares of the business services provider’s stock valued at $7,281,000 after acquiring an additional 1,520 shares during the last quarter. Longboard Asset Management LP purchased a new position in S&P Global in the 4th quarter valued at about $222,000. Rockline Wealth Management LLC boosted its stake in shares of S&P Global by 7.0% during the 4th quarter. Rockline Wealth Management LLC now owns 9,263 shares of the business services provider’s stock worth $4,613,000 after purchasing an additional 605 shares during the last quarter. RBA Wealth Management LLC grew its holdings in shares of S&P Global by 1.4% during the fourth quarter. RBA Wealth Management LLC now owns 10,718 shares of the business services provider’s stock worth $5,338,000 after buying an additional 151 shares in the last quarter. Finally, Columbus Macro LLC raised its position in shares of S&P Global by 490.1% in the fourth quarter. Columbus Macro LLC now owns 10,221 shares of the business services provider’s stock valued at $5,090,000 after buying an additional 8,489 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI opened at $513.59 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 50 day moving average of $506.36 and a two-hundred day moving average of $504.93. The company has a market cap of $159.37 billion, a P/E ratio of 45.33, a P/E/G ratio of 2.40 and a beta of 1.20. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors 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 0.75%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio is 32.13%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Robert W. Baird raised their target price on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Wells Fargo & Company lowered their price objective on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. BMO Capital Markets increased their target price on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Citigroup initiated coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target for the company. Finally, Oppenheimer cut their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $584.54.

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.