Okabena Investment Services Inc. Purchases 210 Shares of S&P Global Inc. (NYSE:SPGI)

Okabena Investment Services Inc. increased its stake in S&P Global Inc. (NYSE:SPGI) by 4.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,926 shares of the business services provider’s stock after buying an additional 210 shares during the period. S&P Global accounts for about 0.7% of Okabena Investment Services Inc.’s holdings, making the stock its 27th largest holding. Okabena Investment Services Inc.’s holdings in S&P Global were worth $2,453,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Wellington Management Group LLP increased its holdings in shares of S&P Global by 3.4% in 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. Geode Capital Management LLC grew its stake in shares of S&P Global by 1.8% in the third quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock worth $3,332,016,000 after acquiring an additional 113,146 shares during the period. Norges Bank purchased a new position in shares of S&P Global during the fourth quarter valued at approximately $1,725,084,000. Amundi boosted its holdings in S&P Global by 6.6% in the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider’s stock worth $1,162,979,000 after purchasing an additional 145,434 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in S&P Global by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,999,467 shares of the business services provider’s stock worth $995,795,000 after purchasing an additional 62,770 shares during the period. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Down 1.2 %

S&P Global stock opened at $502.33 on Friday. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The firm has a 50 day moving average price of $515.20 and a 200 day moving average price of $510.21. The company has a market capitalization of $157.65 billion, a PE ratio of 40.67, a price-to-earnings-growth 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.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same period last year, the business earned $3.13 earnings per share. Research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was 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 (DPR) is presently 31.09%.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of recent research reports. UBS Group boosted their price target on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Morgan Stanley raised their target price on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Citigroup started coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective on the stock. Mizuho assumed coverage on S&P Global in a research note on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price objective for the company. Finally, Evercore ISI raised their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, S&P Global presently 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.