Panoramic Capital Partners LLC Makes New Investment in S&P Global Inc. (NYSE:SPGI)

Panoramic Capital Partners LLC bought a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 469 shares of the business services provider’s stock, valued at approximately $234,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SPGI. Nordea Investment Management AB increased its position in shares of S&P Global by 52.0% in the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after buying an additional 225,370 shares in the last quarter. GDS Wealth Management increased its holdings in S&P Global by 7.0% in the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock worth $14,134,000 after acquiring an additional 1,801 shares in the last quarter. Sanctuary Advisors LLC raised its position in S&P Global by 12.6% during the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock worth $14,198,000 after acquiring an additional 3,093 shares during the period. Eastern Bank lifted its holdings in S&P Global by 3.1% during the fourth 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 in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of S&P Global in the third quarter valued at about $27,170,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on SPGI shares. Citigroup began 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 target for the company. Robert W. Baird raised their target price 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. Morgan Stanley increased their price objective on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. BMO Capital Markets lifted 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. Finally, Wells Fargo & Company dropped their target price on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Stock Down 0.9 %

SPGI stock opened at $514.26 on Tuesday. The firm has a market cap of $159.58 billion, a PE ratio of 45.39, a PEG ratio of 2.39 and a beta of 1.20. S&P Global Inc. has a one year low of $407.69 and a one year 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 50 day moving average price is $505.85 and its 200-day moving average price is $505.78.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. S&P Global’s dividend payout ratio is currently 33.89%.

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.