S&P Global Inc. (NYSE:SPGI) Position Boosted by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in S&P Global Inc. (NYSE:SPGI) by 6.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,562 shares of the business services provider’s stock after purchasing an additional 1,419 shares during the period. QRG Capital Management Inc.’s holdings in S&P Global were worth $11,735,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPGI. First Personal Financial Services bought a new stake in shares of S&P Global during the 3rd quarter valued at about $29,000. Human Investing LLC acquired a new position in S&P Global in the fourth quarter valued at approximately $30,000. Capital Performance Advisors LLP bought a new position in shares of S&P Global during the third quarter valued at approximately $31,000. Voisard Asset Management Group Inc. grew its holdings in shares of S&P Global by 77.1% during the third 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 position in shares of S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after purchasing an additional 34 shares during the period. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Performance

SPGI opened at $525.77 on Friday. The business has a 50 day moving average price of $512.90 and a two-hundred day moving average price of $510.33. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $161.83 billion, a price-to-earnings ratio of 42.57, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period last year, the business earned $3.13 earnings per share. Research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm 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 is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.73%. S&P Global’s dividend payout ratio (DPR) is 31.09%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SPGI shares. BMO Capital Markets upped their price objective on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. UBS Group boosted their price target on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Citigroup started coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective on the stock. StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Evercore ISI raised 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 note on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $590.23.

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.