S&P Global Inc. (NYSE:SPGI) Shares Purchased by Carret Asset Management LLC

Carret Asset Management LLC boosted its stake in S&P Global Inc. (NYSE:SPGI) by 13.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,263 shares of the business services provider’s stock after buying an additional 273 shares during the quarter. Carret Asset Management LLC’s holdings in S&P Global were worth $1,127,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB lifted its stake in S&P Global by 52.0% in the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after buying an additional 225,370 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in S&P Global by 12.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after buying an additional 3,093 shares in the last quarter. Eastern Bank lifted its stake in S&P Global by 3.1% in the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock valued at $24,980,000 after buying an additional 1,530 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in S&P Global in the 3rd quarter worth approximately $27,170,000. Finally, Eagle Asset Management Inc. lifted its stake in S&P Global by 53.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 5,536 shares of the business services provider’s stock worth $2,784,000 after purchasing an additional 1,936 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Up 1.4 %

SPGI stock opened at $486.67 on Friday. The firm has a market cap of $149.80 billion, a PE ratio of 39.41, a PEG ratio of 2.41 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. The firm’s 50 day moving average price is $513.56 and its 200-day moving average price is $510.91. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39.

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 14.33% and a net margin of 27.12%. During the same quarter in the previous year, the business earned $3.13 EPS. On average, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.79%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global’s dividend payout ratio is 31.09%.

Analysts Set New Price Targets

A number of research analysts have weighed in on SPGI shares. Morgan Stanley raised their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Wells Fargo & Company raised their target price on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Citigroup started coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. Finally, Oppenheimer decreased their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus target price of $590.86.

S&P Global Company Profile

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.