Allspring Global Investments Holdings LLC Has $202.15 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Allspring Global Investments Holdings LLC cut its stake in S&P Global Inc. (NYSE:SPGI) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 407,888 shares of the business services provider’s stock after selling 13,955 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.13% of S&P Global worth $202,150,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in S&P Global in the 3rd quarter valued at $27,000. First Personal Financial Services acquired a new stake in shares of S&P Global during the third quarter worth approximately $29,000. Capital Performance Advisors LLP bought a new position in shares of S&P Global in the third quarter valued at approximately $31,000. Voisard Asset Management Group Inc. raised its position in S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC raised its holdings in shares of S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after buying an additional 34 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Oppenheimer decreased their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. JPMorgan Chase & Co. dropped their target price on 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. Citigroup started coverage on S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 price target on the stock. Finally, BMO Capital Markets lifted their price objective 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. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Price Performance

SPGI opened at $540.80 on Wednesday. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $542.00. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a market cap of $167.81 billion, a P/E ratio of 47.73, a P/E/G ratio of 2.39 and a beta of 1.20. The company has a fifty day simple moving average of $505.68 and a 200 day simple moving average of $506.00.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. During the same quarter last year, the company earned $3.13 EPS. On average, research analysts expect that S&P Global Inc. will post 15.34 EPS for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.71%. This is an increase 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 (DPR) is currently 32.13%.

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.