S&P Global Inc. (NYSE:SPGI) Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 10.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 636,973 shares of the business services provider’s stock after acquiring an additional 60,740 shares during the period. Corient Private Wealth LLC owned approximately 0.21% of S&P Global worth $315,492,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SPGI. Swedbank AB increased its stake in S&P Global by 11.8% in the 3rd quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock worth $450,280,000 after purchasing an additional 92,115 shares in the last quarter. Howard Capital Management Group LLC increased its stake in S&P Global by 3.2% in the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock worth $471,000 after purchasing an additional 28 shares in the last quarter. Assetmark Inc. increased its stake in S&P Global by 19.1% in the 3rd quarter. Assetmark Inc. now owns 1,298 shares of the business services provider’s stock worth $671,000 after purchasing an additional 208 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in S&P Global by 5.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 4,291 shares of the business services provider’s stock worth $2,217,000 after purchasing an additional 235 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in S&P Global by 1.0% during the 3rd quarter. CIBC Asset Management Inc now owns 56,626 shares of the business services provider’s stock worth $29,254,000 after acquiring an additional 533 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 1.4 %

Shares of SPGI stock opened at $486.67 on Friday. The stock’s 50 day simple moving average is $513.56 and its 200 day simple moving average is $510.94. 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 twelve month low of $407.69 and a twelve month high of $545.39. The company has a market capitalization of $149.80 billion, a price-to-earnings ratio of 39.41, a PEG ratio of 2.41 and a beta of 1.20.

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 for the quarter, beating 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 business posted $3.13 EPS. As a group, research analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.79%. This is an increase 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 (DPR) is presently 31.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SPGI shares. Mizuho started coverage on S&P Global in a research report on Wednesday. They set an “outperform” rating and a $599.00 price objective for the company. Citigroup started coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. Wells Fargo & Company raised their price objective on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Morgan Stanley raised their price objective on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Finally, BMO Capital Markets raised their price objective on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Three 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 an average rating of “Moderate Buy” and an average price target 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.