DekaBank Deutsche Girozentrale reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 14.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,342 shares of the business services provider’s stock after selling 14,853 shares during the period. DekaBank Deutsche Girozentrale’s holdings in S&P Global were worth $29,310,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new position in shares of S&P Global in the 4th quarter valued at about $743,879,000. Renaissance Technologies LLC boosted its stake in S&P Global by 542.5% during the 4th quarter. Renaissance Technologies LLC now owns 855,200 shares of the business services provider’s stock valued at $281,130,000 after purchasing an additional 722,100 shares during the period. Edgewood Management LLC boosted its stake in S&P Global by 11.6% during the 4th quarter. Edgewood Management LLC now owns 5,655,044 shares of the business services provider’s stock valued at $1,858,983,000 after purchasing an additional 586,258 shares during the period. Artisan Partners Limited Partnership boosted its stake in S&P Global by 4,337.5% during the 4th quarter. Artisan Partners Limited Partnership now owns 459,047 shares of the business services provider’s stock valued at $150,903,000 after purchasing an additional 469,880 shares during the period. Finally, Swedbank boosted its stake in S&P Global by 60.7% during the 4th quarter. Swedbank now owns 1,227,954 shares of the business services provider’s stock valued at $397,403,000 after purchasing an additional 463,906 shares during the period. 81.94% of the stock is owned by institutional investors.
NYSE SPGI opened at $361.20 on Thursday. The company has a debt-to-equity ratio of 8.25, a current ratio of 1.72 and a quick ratio of 1.72. The company’s 50 day simple moving average is $344.95 and its 200 day simple moving average is $336.68. S&P Global Inc. has a 12 month low of $255.23 and a 12 month high of $379.87. The company has a market capitalization of $87.01 billion, a P/E ratio of 36.19, a PEG ratio of 2.64 and a beta of 1.00.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 10th. Investors of record on Wednesday, February 24th were issued a $0.77 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.67. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Tuesday, February 23rd. S&P Global’s payout ratio is presently 32.32%.
SPGI has been the subject of a number of analyst reports. Wells Fargo & Company boosted their target price on shares of S&P Global from $415.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, February 10th. Raymond James upgraded shares of S&P Global from a “market perform” rating to an “outperform” rating and set a $402.00 price target on the stock in a research report on Thursday, April 1st. UBS Group boosted their price target on shares of S&P Global from $420.00 to $435.00 and gave the stock a “buy” rating in a research report on Wednesday, February 10th. Finally, Morgan Stanley restated an “overweight” rating and set a $407.00 price target on shares of S&P Global in a research report on Wednesday, March 24th. Twelve investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $394.00.
About S&P Global
S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).
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