Ninety One SA PTY Ltd Decreases Stock Position in S&P Global Inc. (NYSE:SPGI)

Ninety One SA PTY Ltd decreased its position in S&P Global Inc. (NYSE:SPGI) by 0.8% in the 4th quarter, Holdings Channel reports. The fund owned 5,692 shares of the business services provider’s stock after selling 45 shares during the period. Ninety One SA PTY Ltd’s holdings in S&P Global were worth $2,835,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new stake in S&P Global during the 3rd quarter valued at approximately $27,000. First Personal Financial Services acquired a new stake in shares of S&P Global during the third quarter worth approximately $29,000. Capital Performance Advisors LLP acquired a new stake in shares of S&P Global during the third quarter worth approximately $31,000. Voisard Asset Management Group Inc. increased its stake in shares of S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after buying an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC raised its holdings in S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SPGI. BMO Capital Markets raised their price objective on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. Stifel Nicolaus lifted their price target on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. cut their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. UBS Group lifted their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Oppenheimer dropped their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Stock Performance

Shares of SPGI opened at $513.59 on Wednesday. The firm has a fifty day moving average of $506.36 and a 200-day moving average of $504.93. The company has a market cap of $159.37 billion, a price-to-earnings ratio of 45.33, a price-to-earnings-growth ratio of 2.40 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current 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. Shareholders of record on Wednesday, February 26th will be given a $0.96 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.75%. S&P Global’s dividend payout ratio is 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.