49,277 Shares in S&P Global Inc. (NYSE:SPGI) Acquired by Alberta Investment Management Corp

Alberta Investment Management Corp purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) during the fourth quarter, HoldingsChannel reports. The firm purchased 49,277 shares of the business services provider’s stock, valued at approximately $24,541,000.

A number of other institutional investors have also added to or reduced their stakes in SPGI. International Assets Investment Management LLC increased its holdings in S&P Global by 174,815.4% during the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after purchasing an additional 466,757 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in S&P Global during the 3rd quarter worth approximately $224,976,000. FMR LLC increased its holdings in S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after purchasing an additional 369,598 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in S&P Global during the 4th quarter worth approximately $144,091,000. Finally, Wellington Management Group LLP increased its holdings 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 worth $4,581,580,000 after purchasing an additional 292,436 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SPGI shares. Oppenheimer reduced their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. BMO Capital Markets increased their price objective on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Morgan Stanley increased their price objective on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Wells Fargo & Company increased their price objective on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Finally, UBS Group increased their price objective on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $590.23.

S&P Global Trading Up 0.6 %

Shares of SPGI stock opened at $543.08 on Wednesday. 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 52-week low of $407.69 and a 52-week high of $545.39. The company has a market capitalization of $167.16 billion, a PE ratio of 43.97, a price-to-earnings-growth ratio of 2.42 and a beta of 1.20. The business’s fifty day moving average is $508.53 and its 200 day moving average is $508.17.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (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 period in the prior year, the firm earned $3.13 EPS. On average, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

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 paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.71%. 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. S&P Global’s dividend 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.