Paradigm Asset Management Co. LLC Takes Position in S&P Global Inc. (NYSE:SPGI)

Paradigm Asset Management Co. LLC acquired a new position in S&P Global Inc. (NYSE:SPGI) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 300 shares of the business services provider’s stock, valued at approximately $149,000.

Other hedge funds also recently bought and sold shares of the company. Cordatus Wealth Management LLC grew its stake in shares of S&P Global by 1.0% during the 4th quarter. Cordatus Wealth Management LLC now owns 4,624 shares of the business services provider’s stock valued at $2,303,000 after purchasing an additional 48 shares during the period. Nicholson Wealth Management Group LLC boosted its holdings in shares of S&P Global by 106.6% in the fourth quarter. Nicholson Wealth Management Group LLC now owns 2,948 shares of the business services provider’s stock worth $1,468,000 after buying an additional 1,521 shares during the last quarter. ING Groep NV purchased a new position in shares of S&P Global in the fourth quarter worth approximately $7,146,000. Flossbach Von Storch SE grew its position in S&P Global by 1.2% during the fourth quarter. Flossbach Von Storch SE now owns 724,465 shares of the business services provider’s stock valued at $360,805,000 after buying an additional 8,549 shares during the period. Finally, Boston Financial Mangement LLC increased its holdings in S&P Global by 5.2% during the fourth quarter. Boston Financial Mangement LLC now owns 7,933 shares of the business services provider’s stock valued at $3,951,000 after buying an additional 390 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

SPGI has been the subject of several recent research reports. Oppenheimer cut their price target 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. Wells Fargo & Company boosted their price objective on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Citigroup assumed coverage on shares of S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. UBS Group upped their price target on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, 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. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price of $590.23.

S&P Global Stock Down 0.4 %

Shares of SPGI stock opened at $533.05 on Friday. The company’s fifty day simple moving average is $510.08 and its two-hundred day simple moving average is $509.03. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The stock has a market cap of $164.07 billion, a P/E ratio of 43.16, a PEG ratio of 2.44 and a beta of 1.20. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 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 company earned $3.13 EPS. Analysts predict 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. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio is currently 29.47%.

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.