4,127 Shares in S&P Global Inc. (NYSE:SPGI) Acquired by Keystone Investors PTE Ltd.

Keystone Investors PTE Ltd. acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,127 shares of the business services provider’s stock, valued at approximately $2,055,000.

A number of other hedge funds also recently bought and sold shares of SPGI. Human Investing LLC bought a new position in S&P Global in the 4th quarter valued at approximately $30,000. Noble Wealth Management PBC bought a new position in S&P Global during the fourth quarter valued at approximately $31,000. Dunhill Financial LLC raised its stake in S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after buying an additional 34 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after buying an additional 63 shares during the period. Finally, BankPlus Trust Department purchased a new position in shares of S&P Global in the 4th quarter worth $40,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SPGI. Citigroup started coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. 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 report on Tuesday, February 18th. Oppenheimer lowered their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Finally, Wells Fargo & Company raised their target price on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Three research 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 has a consensus rating of “Moderate Buy” and a consensus target price of $590.86.

S&P Global Price Performance

Shares of SPGI stock opened at $504.00 on Tuesday. The stock’s 50-day moving average is $514.28 and its 200 day moving average is $510.31. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39. The company has a market cap of $155.13 billion, a P/E ratio of 40.81, a PEG ratio of 2.41 and a beta of 1.20.

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, topping 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 EPS. Research analysts predict 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 declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.96 per share. The ex-dividend date was 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 0.76%. S&P Global’s dividend payout ratio (DPR) is currently 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.