GuoLine Advisory Pte Ltd raised its position in S&P Global Inc. (NYSE:SPGI – Free Report) by 50.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 91,850 shares of the business services provider’s stock after purchasing an additional 30,950 shares during the period. S&P Global accounts for approximately 4.4% of GuoLine Advisory Pte Ltd’s portfolio, making the stock its 6th biggest holding. GuoLine Advisory Pte Ltd’s holdings in S&P Global were worth $48,000,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hamilton Capital LLC lifted its stake in shares of S&P Global by 4.5% in the second quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock worth $220,000 after buying an additional 18 shares in the last quarter. Sand Hill Global Advisors LLC boosted its position in S&P Global by 3.1% during the second quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock worth $333,000 after acquiring an additional 19 shares during the last quarter. Chemistry Wealth Management LLC grew its stake in S&P Global by 0.4% during the 3rd quarter. Chemistry Wealth Management LLC now owns 4,895 shares of the business services provider’s stock valued at $2,382,000 after acquiring an additional 21 shares in the last quarter. Forbes J M & Co. LLP raised its holdings in S&P Global by 3.5% in the 3rd quarter. Forbes J M & Co. LLP now owns 627 shares of the business services provider’s stock valued at $305,000 after acquiring an additional 21 shares during the last quarter. Finally, Centerpoint Advisors LLC raised its holdings in S&P Global by 2.5% in the 3rd quarter. Centerpoint Advisors LLC now owns 859 shares of the business services provider’s stock valued at $418,000 after acquiring an additional 21 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.
S&P Global Stock Performance
S&P Global stock opened at $424.60 on Friday. The firm has a 50 day simple moving average of $463.18 and a 200-day simple moving average of $489.51. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $126.87 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 1.88 and a beta of 1.23.
S&P Global Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were given a $0.97 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, February 25th. S&P Global’s dividend payout ratio (DPR) is presently 26.48%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the company. UBS Group lowered their target price on S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Bank of America initiated coverage on S&P Global in a report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 price target for the company. Mizuho reduced their price objective on S&P Global from $657.00 to $551.00 and set an “outperform” rating on the stock in a research report on Thursday, February 12th. Royal Bank Of Canada lowered their price objective on S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. Finally, Evercore set a $625.00 target price on S&P Global and gave the company an “outperform” rating in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, S&P Global currently has an average rating of “Buy” and a consensus price target of $563.53.
Read Our Latest Stock Analysis on SPGI
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.
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