BDF Gestion Has $4.37 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

BDF Gestion reduced its stake in S&P Global Inc. (NYSE:SPGI) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,769 shares of the business services provider’s stock after selling 1,140 shares during the period. BDF Gestion’s holdings in S&P Global were worth $4,367,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SPGI. International Assets Investment Management LLC lifted its holdings in S&P Global by 174,815.4% during the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after purchasing an additional 466,757 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in S&P Global during the 3rd quarter worth $224,976,000. FMR LLC lifted its holdings in shares of S&P Global by 6.6% during the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after buying an additional 369,598 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of S&P Global in the fourth quarter valued at about $144,091,000. Finally, Wellington Management Group LLP grew its stake in shares of S&P Global by 3.4% in the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after acquiring an additional 292,436 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on SPGI. JPMorgan Chase & Co. cut their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. BMO Capital Markets raised their price objective on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Stifel Nicolaus upped their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Citigroup began coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. Finally, Evercore ISI started coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective for the company. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Price Performance

Shares of SPGI opened at $517.31 on Thursday. The company has a market capitalization of $160.52 billion, a price-to-earnings ratio of 45.66, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. The business has a 50-day moving average of $505.75 and a 200-day moving average of $503.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

S&P Global Company Profile

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.