S&P Global Inc. (NYSE:SPGI) is Parnassus Investments LLC’s 10th Largest Position

Parnassus Investments LLC trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 5.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,227,777 shares of the business services provider’s stock after selling 130,235 shares during the period. S&P Global comprises about 2.5% of Parnassus Investments LLC’s portfolio, making the stock its 10th largest holding. Parnassus Investments LLC’s holdings in S&P Global were worth $1,109,500,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SPGI. Headinvest LLC raised its stake in shares of S&P Global by 2.0% during the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock valued at $515,000 after acquiring an additional 20 shares during the last quarter. EWA LLC raised its stake in shares of S&P Global by 4.2% during the third quarter. EWA LLC now owns 498 shares of the business services provider’s stock valued at $254,000 after acquiring an additional 20 shares during the last quarter. Continuum Advisory LLC raised its stake in shares of S&P Global by 1.3% during the third quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock valued at $788,000 after acquiring an additional 20 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of S&P Global by 2.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock valued at $515,000 after acquiring an additional 20 shares during the last quarter. Finally, Personal CFO Solutions LLC raised its stake in shares of S&P Global by 3.1% during the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider’s stock valued at $336,000 after acquiring an additional 20 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Price Performance

Shares of SPGI opened at $479.51 on Friday. The stock has a market cap of $147.59 billion, a PE ratio of 38.83, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The firm’s 50-day simple moving average is $513.81 and its two-hundred day simple moving average is $511.01.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter in the previous year, the business earned $3.13 EPS. Analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.80%. S&P Global’s dividend payout ratio is presently 31.09%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Citigroup assumed coverage on shares of S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. Wells Fargo & Company upped their price objective 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. Mizuho initiated coverage on shares of S&P Global in a research note on Wednesday. They issued an “outperform” rating and a $599.00 price target for the company. Finally, Oppenheimer decreased their price target on shares of 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. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $590.86.

About S&P Global

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.