Korea Investment CORP Lowers Position in S&P Global Inc. (NYSE:SPGI)

Korea Investment CORP decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 38.1% in the 4th quarter, Holdings Channel reports. The firm owned 213,184 shares of the business services provider’s stock after selling 131,278 shares during the period. Korea Investment CORP’s holdings in S&P Global were worth $106,172,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SPGI. Headinvest LLC lifted its stake in S&P Global by 2.0% during the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after purchasing an additional 20 shares during the last quarter. EWA LLC raised its holdings in shares of S&P Global by 4.2% during the 3rd quarter. EWA LLC now owns 498 shares of the business services provider’s stock valued at $254,000 after buying an additional 20 shares in the last quarter. Continuum Advisory LLC lifted its position in S&P Global by 1.3% in the 3rd quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock worth $788,000 after buying an additional 20 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in S&P Global by 2.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock worth $515,000 after buying an additional 20 shares in the last quarter. Finally, Personal CFO Solutions LLC grew its position in 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 institutional investors.

S&P Global Price Performance

SPGI opened at $507.99 on Thursday. 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 stock has a market capitalization of $156.36 billion, a PE ratio of 41.13, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The stock’s 50 day moving average price is $515.11 and its 200-day moving average price is $510.31. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (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 prior year, the company posted $3.13 EPS. On average, equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.96 dividend. The ex-dividend date of this dividend 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 annualized dividend and a yield of 0.76%. S&P Global’s dividend payout ratio (DPR) is 31.09%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. BMO Capital Markets upped 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 report on Thursday, February 13th. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Wells Fargo & Company boosted their target price on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Finally, Mizuho started coverage on S&P Global in a research report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price target on the stock. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and a consensus target price of $590.86.

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.