S&P Global Inc. (NYSE:SPGI) Holdings Raised by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its stake in S&P Global Inc. (NYSE:SPGI) by 18.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 57,349 shares of the business services provider’s stock after buying an additional 8,983 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in S&P Global were worth $28,660,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SPGI. Jericho Financial LLP bought a new position in shares of S&P Global in the fourth quarter valued at approximately $883,000. Y.D. More Investments Ltd lifted its position in S&P Global by 91.2% in the fourth quarter. Y.D. More Investments Ltd now owns 392 shares of the business services provider’s stock worth $195,000 after purchasing an additional 187 shares during the period. Hager Investment Management Services LLC acquired a new stake in S&P Global in the fourth quarter worth approximately $86,000. Stratos Wealth Advisors LLC boosted its stake in S&P Global by 46.9% during the 4th quarter. Stratos Wealth Advisors LLC now owns 896 shares of the business services provider’s stock valued at $446,000 after purchasing an additional 286 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its position in shares of S&P Global by 4.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 9,227 shares of the business services provider’s stock valued at $4,596,000 after purchasing an additional 424 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. BMO Capital Markets raised their target price on S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. Stifel Nicolaus raised their price objective on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Robert W. Baird lifted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Morgan Stanley increased their target price on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company decreased 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. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Stock Performance

Shares of S&P Global stock opened at $513.65 on Thursday. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a market cap of $159.39 billion, a PE ratio of 45.34, a price-to-earnings-growth ratio of 2.40 and a beta of 1.20. The business has a fifty day simple moving average of $506.19 and a 200-day simple moving average of $505.17.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. 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. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. S&P Global’s dividend payout ratio (DPR) is presently 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.