Permanent Capital Management LP Makes New Investment in S&P Global Inc. (NYSE:SPGI)

Permanent Capital Management LP purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) during the fourth quarter, Holdings Channel.com reports. The fund purchased 511 shares of the business services provider’s stock, valued at approximately $254,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of SPGI. First Personal Financial Services purchased a new stake in shares of S&P Global during the third quarter worth approximately $29,000. Human Investing LLC purchased a new stake in shares of S&P Global during the fourth quarter worth approximately $30,000. Capital Performance Advisors LLP purchased a new stake in shares of S&P Global during the third quarter worth approximately $31,000. Noble Wealth Management PBC purchased a new stake in shares of S&P Global during the fourth quarter worth approximately $31,000. Finally, Dunhill Financial LLC increased its stake in shares of S&P Global by 94.4% during the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after buying an additional 34 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Price Performance

SPGI stock opened at $497.35 on Friday. The company has a market capitalization of $153.08 billion, a P/E ratio of 40.27, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The business has a 50 day simple moving average of $515.06 and a 200-day simple moving average of $511.49. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data 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 period in the prior year, the company earned $3.13 earnings per share. As a group, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.77%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is 31.09%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Evercore ISI upped 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. UBS Group upped their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Citigroup assumed coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. Finally, BMO Capital Markets increased their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Three research 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, the company currently has an average rating of “Moderate Buy” and an average target price of $590.23.

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.