Allspring Global Investments Holdings LLC Has $202.15 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Allspring Global Investments Holdings LLC lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 407,888 shares of the business services provider’s stock after selling 13,955 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in S&P Global were worth $202,150,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in S&P Global in the 3rd quarter valued at $27,000. First Personal Financial Services bought a new position in shares of S&P Global in the third quarter valued at about $29,000. Capital Performance Advisors LLP acquired a new stake in shares of S&P Global during the 3rd quarter worth about $31,000. Voisard Asset Management Group Inc. boosted its holdings in shares of S&P Global by 77.1% during the 3rd 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 period. Finally, Dunhill Financial LLC grew its stake in S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after buying an additional 34 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Up 4.9 %

SPGI opened at $540.80 on Wednesday. The stock has a market capitalization of $167.81 billion, a price-to-earnings ratio of 47.73, a P/E/G ratio of 2.39 and a beta of 1.20. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $542.00. The company has a 50-day simple moving average of $505.68 and a 200 day simple moving average of $506.00.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. During the same quarter in the prior year, the firm posted $3.13 earnings per share. Analysts predict that S&P Global Inc. will post 15.34 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. The ex-dividend date is Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.71%. S&P Global’s payout ratio is 32.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. 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 research report on Friday, October 25th. Robert W. Baird lifted their price target on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Citigroup started coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective on the stock. Stifel Nicolaus lifted their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Wells Fargo & Company reduced their target price on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $584.54.

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.