Compagnie Lombard Odier SCmA lowered its stake in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 130,703 shares of the business services provider’s stock after selling 17,076 shares during the period. Compagnie Lombard Odier SCmA’s holdings in S&P Global were worth $68,304,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of S&P Global by 3,430.6% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock valued at $819,699,000 after acquiring an additional 1,510,540 shares during the last quarter. TCI Fund Management Ltd. boosted its stake in S&P Global by 7.0% during the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after acquiring an additional 730,354 shares during the last quarter. Mizuho Markets Americas LLC grew its holdings in S&P Global by 104,031.3% during the third quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock valued at $289,900,000 after purchasing an additional 595,059 shares during the period. Credit Agricole S A bought a new stake in S&P Global in the third quarter valued at approximately $180,503,000. Finally, Holocene Advisors LP increased its stake in S&P Global by 79.8% in the third quarter. Holocene Advisors LP now owns 766,043 shares of the business services provider’s stock valued at $372,841,000 after purchasing an additional 339,947 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.
S&P Global Stock Up 0.2%
S&P Global stock opened at $426.34 on Thursday. The company has a 50 day moving average of $443.48 and a 200-day moving average of $482.44. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. The stock has a market capitalization of $127.39 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 1.88 and a beta of 1.20.
S&P Global Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date was Wednesday, February 25th. S&P Global’s dividend payout ratio is presently 26.48%.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on SPGI. The Goldman Sachs Group set a $498.00 price target on shares of S&P Global in a research report on Wednesday, February 11th. BMO Capital Markets upped their price objective on shares of S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Mizuho dropped their price objective on S&P Global from $657.00 to $551.00 and set an “outperform” rating on the stock in a research note on Thursday, February 12th. Robert W. Baird set a $546.00 target price on S&P Global in a research note on Wednesday, February 11th. Finally, Stifel Nicolaus lowered their price target on S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $563.53.
About S&P Global
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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