BDF Gestion Sells 1,140 Shares of S&P Global Inc. (NYSE:SPGI)

BDF Gestion lowered its position in S&P Global Inc. (NYSE:SPGI) by 11.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,769 shares of the business services provider’s stock after selling 1,140 shares during the period. BDF Gestion’s holdings in S&P Global were worth $4,367,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in 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 bought a new stake in shares of S&P Global during the third quarter worth about $224,976,000. FMR LLC raised its holdings in shares of S&P Global by 6.6% in the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after acquiring an additional 369,598 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in S&P Global in the 4th quarter valued at about $144,091,000. Finally, Wellington Management Group LLP boosted its stake in S&P Global by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after purchasing an additional 292,436 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SPGI shares. Citigroup began coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. JPMorgan Chase & Co. reduced their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Wells Fargo & Company dropped their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Evercore ISI initiated coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective for the company. Finally, Morgan Stanley lifted their target price on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $584.54.

S&P Global Stock Down 0.6 %

SPGI stock opened at $517.31 on Thursday. The stock has a 50-day simple moving average of $505.75 and a two-hundred day simple moving average of $503.99. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The firm has a market capitalization of $160.52 billion, a PE ratio of 45.66, a PEG ratio of 2.36 and a beta of 1.20. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is 32.13%.

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.