Bryn Mawr Capital Management LLC Buys 4,192 Shares of S&P Global Inc. (NYSE:SPGI)

Bryn Mawr Capital Management LLC boosted its stake in S&P Global Inc. (NYSE:SPGI) by 277.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,703 shares of the business services provider’s stock after purchasing an additional 4,192 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in S&P Global were worth $2,840,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Alberta Investment Management Corp purchased a new stake in shares of S&P Global in the fourth quarter worth about $24,541,000. Legacy Solutions LLC bought a new stake in S&P Global in the 4th quarter worth approximately $221,000. Global Retirement Partners LLC raised its holdings in shares of S&P Global by 15.4% during the 4th quarter. Global Retirement Partners LLC now owns 1,413 shares of the business services provider’s stock worth $704,000 after acquiring an additional 189 shares in the last quarter. Atlas Legacy Advisors LLC bought a new position in shares of S&P Global during the 4th quarter valued at approximately $532,000. Finally, Mcdonald Partners LLC grew its holdings in shares of S&P Global by 2.6% in the fourth quarter. Mcdonald Partners LLC now owns 2,070 shares of the business services provider’s stock valued at $1,031,000 after purchasing an additional 52 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $536.21 on Friday. The firm’s 50 day simple moving average is $509.53 and its 200-day simple moving average is $508.60. 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 one year low of $407.69 and a one year high of $545.39. The firm has a market cap of $165.05 billion, a PE ratio of 43.42, a price-to-earnings-growth ratio of 2.44 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping 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 quarter in the prior year, the company posted $3.13 EPS. As a group, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a $0.96 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s payout ratio is presently 29.47%.

Analyst Ratings Changes

A number of research firms recently issued reports on SPGI. UBS Group upped their price target on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday. BMO Capital Markets increased their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. dropped their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Morgan Stanley upped their price objective on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Finally, Citigroup started coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $590.23.

S&P Global 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.