Flossbach Von Storch SE Raises Holdings in S&P Global Inc. (NYSE:SPGI)

Flossbach Von Storch SE grew its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 724,465 shares of the business services provider’s stock after purchasing an additional 8,549 shares during the quarter. S&P Global makes up about 1.4% of Flossbach Von Storch SE’s holdings, making the stock its 24th largest position. Flossbach Von Storch SE owned 0.23% of S&P Global worth $360,805,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in shares of 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 during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of S&P Global during the third quarter worth about $224,976,000. FMR LLC grew its holdings in shares of S&P Global by 6.6% during the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after buying an additional 369,598 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of S&P Global during the fourth quarter worth about $144,091,000. Finally, Wellington Management Group LLP grew its holdings 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 buying an additional 292,436 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on SPGI shares. Wells Fargo & Company raised their price objective on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Morgan Stanley raised their price objective on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. UBS Group raised their price objective on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Tuesday. Oppenheimer reduced 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, Citigroup started coverage on shares of S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $590.23.

S&P Global Stock Down 0.2 %

SPGI stock opened at $542.61 on Thursday. The stock has a market capitalization of $167.02 billion, a P/E ratio of 43.94, a PEG ratio of 2.44 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The company has a 50 day moving average price of $509.06 and a two-hundred day moving average price of $508.41.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same period in the previous year, the company posted $3.13 earnings per share. As a group, sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current 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 paid 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 annualized dividend and a dividend yield of 0.71%. S&P Global’s payout ratio is currently 29.47%.

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.