S&P Global Inc. (NYSE:SPGI) Shares Acquired by Kanawha Capital Management LLC

Kanawha Capital Management LLC grew its holdings in S&P Global Inc. (NYSE:SPGI) by 10.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,827 shares of the business services provider’s stock after buying an additional 1,187 shares during the period. Kanawha Capital Management LLC’s holdings in S&P Global were worth $6,388,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of SPGI. Exchange Traded Concepts LLC raised its position in shares of S&P Global by 163.5% in the third quarter. Exchange Traded Concepts LLC now owns 224 shares of the business services provider’s stock valued at $116,000 after buying an additional 139 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in S&P Global during the third quarter worth about $263,000. Creative Planning increased its position in S&P Global by 13.0% during the third quarter. Creative Planning now owns 51,561 shares of the business services provider’s stock worth $26,638,000 after purchasing an additional 5,913 shares during the last quarter. Swedbank AB increased its position in S&P Global by 11.8% during the third quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock worth $450,280,000 after purchasing an additional 92,115 shares during the last quarter. Finally, SeaCrest Wealth Management LLC increased its position in S&P Global by 3.5% during the third quarter. SeaCrest Wealth Management LLC now owns 1,040 shares of the business services provider’s stock worth $537,000 after purchasing an additional 35 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SPGI has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. cut 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. Robert W. Baird raised their price objective 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. Oppenheimer dropped their price target 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, Evercore ISI lifted their price target on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $587.92.

S&P Global Stock Up 2.1 %

Shares of S&P Global stock opened at $542.44 on Friday. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $542.77. The company has a 50 day moving average of $506.35 and a 200 day moving average of $506.53. 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 company has a market capitalization of $168.32 billion, a P/E ratio of 47.88, a P/E/G ratio of 2.39 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. During the same quarter in the prior year, the firm posted $3.13 earnings per share. As a group, research analysts forecast that S&P Global Inc. will post 15.34 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio 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.