445 Shares in S&P Global Inc. (NYSE:SPGI) Bought by Longboard Asset Management LP

Longboard Asset Management LP purchased a new stake in S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 445 shares of the business services provider’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of SPGI. International Assets Investment Management LLC lifted its holdings in S&P Global by 174,815.4% during the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after purchasing an additional 466,757 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of S&P Global in the third quarter valued at about $224,976,000. FMR LLC lifted its stake in shares of 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 buying an additional 369,598 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of S&P Global during the 4th quarter worth about $144,091,000. Finally, Wellington Management Group LLP boosted its holdings in shares of 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 buying an additional 292,436 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SPGI. Morgan Stanley raised their price objective on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Oppenheimer lowered their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Wells Fargo & Company reduced their price target on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. UBS Group upped their price target on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Citigroup began coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Trading Down 0.6 %

Shares of SPGI stock opened at $518.53 on Tuesday. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The stock’s fifty day moving average price is $506.40 and its two-hundred day moving average price is $504.70. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $160.90 billion, a PE ratio of 45.77, a P/E/G ratio of 2.40 and a beta of 1.20.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a $0.96 dividend. The ex-dividend date of this dividend 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 yield of 0.74%. S&P Global’s dividend payout ratio (DPR) 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.