C WorldWide Group Holding A S Has $237.52 Million Holdings in S&P Global Inc. $SPGI

C WorldWide Group Holding A S lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 16.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 488,002 shares of the business services provider’s stock after selling 92,781 shares during the quarter. S&P Global accounts for 3.7% of C WorldWide Group Holding A S’s portfolio, making the stock its 9th biggest holding. C WorldWide Group Holding A S owned 0.16% of S&P Global worth $237,515,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SPGI. MTM Investment Management LLC purchased a new stake in S&P Global during the second quarter valued at approximately $27,000. J.Safra Asset Management Corp bought a new stake in shares of S&P Global during the 3rd quarter valued at $29,000. Spurstone Advisory Services LLC bought a new stake in shares of S&P Global during the 2nd quarter valued at $34,000. Howard Hughes Medical Institute purchased a new stake in shares of S&P Global in the 2nd quarter worth $36,000. Finally, First Pacific Financial raised its holdings in S&P Global by 51.0% in the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock worth $36,000 after purchasing an additional 25 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several recent research reports. Mizuho boosted their price target on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of S&P Global in a research report on Monday, December 29th. JPMorgan Chase & Co. reduced their target price on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a report on Friday, October 31st. The Goldman Sachs Group restated a “buy” rating and set a $640.00 target price on shares of S&P Global in a research note on Tuesday, December 16th. Finally, Stifel Nicolaus dropped their price target on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company. According to MarketBeat.com, S&P Global presently has a consensus rating of “Buy” and an average price target of $615.64.

S&P Global Trading Down 0.8%

SPGI stock opened at $464.65 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The business has a 50 day simple moving average of $518.20 and a two-hundred day simple moving average of $516.57. The company has a market capitalization of $140.70 billion, a price-to-earnings ratio of 33.79, a PEG ratio of 1.99 and a beta of 1.20.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be issued a $0.97 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis and a yield of 0.8%. This is an increase from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s payout ratio is presently 27.93%.

S&P Global Company Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.