Robeco Institutional Asset Management B.V. Grows Position in S&P Global Inc. (NYSE:SPGI)

Robeco Institutional Asset Management B.V. increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 52.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 720,517 shares of the business services provider’s stock after purchasing an additional 249,242 shares during the period. S&P Global makes up 0.7% of Robeco Institutional Asset Management B.V.’s portfolio, making the stock its 26th largest holding. Robeco Institutional Asset Management B.V. owned about 0.23% of S&P Global worth $358,839,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. First National Corp MA ADV lifted its holdings in S&P Global by 0.9% during the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock valued at $1,211,000 after buying an additional 20 shares in the last quarter. Kathleen S. Wright Associates Inc. lifted its holdings in S&P Global by 25.0% during the 3rd quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock valued at $51,000 after buying an additional 20 shares in the last quarter. Trust Point Inc. lifted its holdings in S&P Global by 1.4% during the 3rd quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock valued at $725,000 after buying an additional 20 shares in the last quarter. Headinvest LLC lifted its holdings in S&P Global by 2.0% during the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock valued at $515,000 after buying an additional 20 shares in the last quarter. Finally, EWA LLC lifted its holdings in 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. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of research analyst reports. Citigroup assumed coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. UBS Group boosted their price target on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company reduced their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Oppenheimer reduced their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, Evercore ISI assumed coverage on shares of S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target for the company. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Stock Down 0.0 %

NYSE:SPGI opened at $520.54 on Wednesday. The company has a market cap of $161.52 billion, a PE ratio of 45.94, a P/E/G ratio of 2.36 and a beta of 1.20. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The company’s 50 day moving average is $505.75 and its two-hundred day moving average is $503.99.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.74%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is currently 32.13%.

About S&P Global

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.