Plato Investment Management Ltd Has $3.69 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Plato Investment Management Ltd boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 22.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,386 shares of the business services provider’s stock after acquiring an additional 1,347 shares during the quarter. Plato Investment Management Ltd’s holdings in S&P Global were worth $3,692,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP boosted its position in S&P Global by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after acquiring an additional 292,436 shares during the period. Geode Capital Management LLC boosted its position in S&P Global by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock worth $3,332,016,000 after acquiring an additional 113,146 shares during the period. FMR LLC boosted its position in S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after acquiring an additional 369,598 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in S&P Global by 1.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock worth $1,401,909,000 after acquiring an additional 28,458 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in S&P Global by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,936,697 shares of the business services provider’s stock worth $1,000,536,000 after acquiring an additional 26,300 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Up 1.7 %

SPGI opened at $534.09 on Monday. The business has a 50 day moving average price of $513.75 and a 200 day moving average price of $510.95. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $164.39 billion, a P/E ratio of 43.25, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period in the prior year, the company posted $3.13 EPS. Research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently declared 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 an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.72%. The ex-dividend date is Wednesday, February 26th. S&P Global’s payout ratio is currently 31.09%.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of research reports. Oppenheimer decreased their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Morgan Stanley lifted their price target on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Evercore ISI lifted their price target on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, BMO Capital Markets lifted their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $590.23.

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.