S&P Global Inc. (NYSE:SPGI) Holdings Raised by Bellecapital International Ltd.

Bellecapital International Ltd. grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 9.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,667 shares of the business services provider’s stock after purchasing an additional 2,764 shares during the period. S&P Global comprises about 2.8% of Bellecapital International Ltd.’s holdings, making the stock its 13th biggest holding. Bellecapital International Ltd.’s holdings in S&P Global were worth $15,771,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of SPGI. Swedbank AB lifted its holdings in shares of S&P Global by 11.8% during the third quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock valued at $450,280,000 after purchasing an additional 92,115 shares during the last quarter. Howard Capital Management Group LLC raised its position in S&P Global by 3.2% during the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock valued at $471,000 after buying an additional 28 shares during the period. Pinnacle Associates Ltd. raised its position in S&P Global by 7.9% during the third quarter. Pinnacle Associates Ltd. now owns 2,517 shares of the business services provider’s stock valued at $1,300,000 after buying an additional 184 shares during the period. Stephens Inc. AR raised its position in S&P Global by 4.1% during the third quarter. Stephens Inc. AR now owns 10,403 shares of the business services provider’s stock valued at $5,374,000 after buying an additional 409 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its position in S&P Global by 4,600.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 141 shares of the business services provider’s stock valued at $73,000 after buying an additional 138 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on SPGI. Morgan Stanley upped their price target 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. Citigroup began coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price target on the stock. UBS Group upped their price target on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Evercore ISI upped their target price on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company upped their target price 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. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $590.23.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $534.09 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $164.39 billion, a price-to-earnings ratio of 43.25, a P/E/G ratio of 2.41 and a beta of 1.20. The business’s 50-day simple moving average is $513.75 and its 200-day simple moving average is $510.82. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating 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 business posted $3.13 earnings per share. As a group, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.72%. S&P Global’s dividend payout ratio is presently 31.09%.

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.