Stonebridge Financial Group LLC Acquires New Stake in S&P Global Inc. (NYSE:SPGI)

Stonebridge Financial Group LLC bought a new position in S&P Global Inc. (NYSE:SPGI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 232 shares of the business services provider’s stock, valued at approximately $116,000.

Other large investors have also made changes to their positions in the company. Nordea Investment Management AB grew its position in S&P Global by 52.0% during the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after buying an additional 225,370 shares during the period. GDS Wealth Management boosted its stake in shares of S&P Global by 7.0% during the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock worth $14,134,000 after acquiring an additional 1,801 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of S&P Global by 12.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after acquiring an additional 3,093 shares during the period. Eastern Bank increased its stake in shares of S&P Global by 3.1% in the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock worth $24,980,000 after purchasing an additional 1,530 shares in the last quarter. Finally, Oddo BHF Asset Management Sas bought a new position in S&P Global in the 3rd quarter worth $27,170,000. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SPGI. Robert W. Baird boosted their price target on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. cut their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. UBS Group raised their target price on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Evercore ISI upped their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Morgan Stanley raised their price objective on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $586.85.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $530.93 on Thursday. The firm’s fifty day moving average is $506.13 and its two-hundred day moving average is $506.36. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $542.00. The company has a market cap of $164.75 billion, a P/E ratio of 46.86, a P/E/G ratio of 2.39 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 (NYSE:SPGI) last issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. During the same period in the previous year, the business earned $3.13 EPS. As a group, analysts anticipate that S&P Global Inc. will post 15.34 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio 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.