Sage Mountain Advisors LLC Acquires 236 Shares of S&P Global Inc. (NYSE:SPGI)

Sage Mountain Advisors LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 15.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,781 shares of the business services provider’s stock after buying an additional 236 shares during the period. Sage Mountain Advisors LLC’s holdings in S&P Global were worth $887,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its stake in S&P Global by 3.4% during the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after purchasing an additional 292,436 shares during the last quarter. Geode Capital Management LLC lifted its stake in S&P Global by 1.8% during the third quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock worth $3,332,016,000 after purchasing an additional 113,146 shares during the last quarter. FMR LLC lifted its stake in S&P Global by 6.6% during the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after purchasing an additional 369,598 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in S&P Global by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock worth $1,401,909,000 after purchasing an additional 28,458 shares during the last quarter. Finally, Amundi lifted its stake in S&P Global by 6.6% during the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider’s stock worth $1,162,979,000 after purchasing an additional 145,434 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 1.7 %

SPGI stock opened at $488.46 on Tuesday. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The business’s 50 day moving average price is $514.87 and its two-hundred day moving average price is $511.60. 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 company has a market capitalization of $150.35 billion, a price-to-earnings ratio of 39.55, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.

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

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a $0.96 dividend. This is a boost 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 0.79%. The ex-dividend date is Wednesday, February 26th. S&P Global’s payout ratio is currently 31.09%.

Analyst Ratings Changes

Several equities research analysts have issued reports on SPGI shares. Morgan Stanley lifted their price target on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. BMO Capital Markets boosted their target price on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Oppenheimer lowered their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Evercore ISI boosted their target price on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $590.23.

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.