112,907 Shares in S&P Global Inc. (NYSE:SPGI) Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership acquired a new stake in S&P Global Inc. (NYSE:SPGI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 112,907 shares of the business services provider’s stock, valued at approximately $56,231,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Human Investing LLC purchased a new stake in shares of S&P Global in the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC bought a new stake in S&P Global during the 4th quarter valued at $31,000. Dunhill Financial LLC lifted its holdings in shares of S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after buying an additional 34 shares during the period. Sound Income Strategies LLC grew its position in shares of S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after buying an additional 63 shares in the last quarter. Finally, BankPlus Trust Department purchased a new position in shares of S&P Global during the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company upped their price objective on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Morgan Stanley increased 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 note on Wednesday, February 12th. Citigroup began coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Oppenheimer dropped their target price 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. Finally, BMO Capital Markets boosted their price target on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $590.86.

S&P Global Stock Performance

Shares of S&P Global stock opened at $510.66 on Wednesday. The company has a 50 day moving average price of $515.35 and a 200 day moving average price of $509.96. The firm has a market capitalization of $160.26 billion, a P/E ratio of 41.35, a PEG ratio of 2.41 and a beta of 1.20. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data 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 net margin of 27.12% and a return on equity of 14.33%. During the same quarter in the prior year, the company earned $3.13 earnings per share. Sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is presently 31.09%.

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.