Camrose Capital Investment Partners LLP raised its position in S&P Global Inc. (NYSE:SPGI – Free Report) by 11.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,697 shares of the business services provider’s stock after purchasing an additional 7,792 shares during the quarter. S&P Global comprises approximately 8.9% of Camrose Capital Investment Partners LLP’s investment portfolio, making the stock its 9th biggest holding. Camrose Capital Investment Partners LLP’s holdings in S&P Global were worth $38,303,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in SPGI. MTM Investment Management LLC bought a new position in S&P Global in the 2nd quarter worth approximately $27,000. J.Safra Asset Management Corp bought a new position in shares of S&P Global in the third quarter worth $29,000. Spurstone Advisory Services LLC acquired a new position in shares of S&P Global during the second quarter valued at $34,000. Howard Hughes Medical Institute acquired a new position in shares of S&P Global during the second quarter valued at $36,000. Finally, First Pacific Financial raised its stake in shares of S&P Global by 51.0% during the third quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.
S&P Global Stock Performance
S&P Global stock opened at $437.54 on Friday. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. The firm’s 50 day simple moving average is $492.80 and its 200-day simple moving average is $503.06. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $130.74 billion, a P/E ratio of 29.87, a price-to-earnings-growth ratio of 1.88 and a beta of 1.20.
S&P Global Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be issued a dividend of $0.97 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, February 25th. S&P Global’s dividend payout ratio is presently 26.48%.
Analyst Ratings Changes
A number of brokerages recently issued reports on SPGI. William Blair reiterated an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Royal Bank Of Canada dropped their target price on S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. Wells Fargo & Company cut their target price on S&P Global from $675.00 to $530.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. Finally, The Goldman Sachs Group set a $498.00 price target on S&P Global in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the company’s stock. According to data from MarketBeat, S&P Global has a consensus rating of “Buy” and an average price target of $562.67.
Get Our Latest Stock Report on SPGI
S&P Global Company Profile
S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.
S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.
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