Global X Japan Co. Ltd. Boosts Holdings in S&P Global Inc. (NYSE:SPGI)

Global X Japan Co. Ltd. raised its stake in shares of S&P Global Inc. (NYSE:SPGI) by 20.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,055 shares of the business services provider’s stock after buying an additional 179 shares during the quarter. Global X Japan Co. Ltd.’s holdings in S&P Global were worth $525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of S&P Global by 2.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 51,389 shares of the business services provider’s stock worth $25,593,000 after purchasing an additional 1,175 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in S&P Global by 5.8% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 769,864 shares of the business services provider’s stock valued at $383,415,000 after purchasing an additional 42,313 shares during the period. Leo Wealth LLC lifted its holdings in S&P Global by 159.3% during the fourth quarter. Leo Wealth LLC now owns 2,531 shares of the business services provider’s stock worth $1,261,000 after buying an additional 1,555 shares during the period. Consolidated Portfolio Review Corp grew its stake in S&P Global by 5.7% in the fourth quarter. Consolidated Portfolio Review Corp now owns 774 shares of the business services provider’s stock valued at $385,000 after purchasing an additional 42 shares during the last quarter. Finally, Citrine Capital LLC bought a new position in shares of S&P Global during the 4th quarter worth approximately $1,569,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

NYSE:SPGI opened at $518.52 on Friday. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a 50 day moving average price of $506.01 and a 200 day moving average price of $505.23. The stock has a market cap of $160.90 billion, a PE ratio of 45.76, a P/E/G ratio of 2.40 and a beta of 1.20.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a $0.96 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s payout ratio is 32.13%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SPGI shares. UBS Group upped their price target on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Morgan Stanley raised their target price on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Oppenheimer lowered their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Citigroup began coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective on the stock. Finally, BMO Capital Markets lifted their target price on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $584.54.

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.