Ninety One North America Inc. Reduces Stock Position in S&P Global Inc. (NYSE:SPGI)

Ninety One North America Inc. cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 32.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,568 shares of the business services provider’s stock after selling 25,223 shares during the quarter. S&P Global makes up approximately 1.6% of Ninety One North America Inc.’s holdings, making the stock its 26th largest holding. Ninety One North America Inc.’s holdings in S&P Global were worth $25,682,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. E. Ohman J or Asset Management AB increased its holdings in shares of S&P Global by 11.6% in the 4th quarter. E. Ohman J or Asset Management AB now owns 14,620 shares of the business services provider’s stock valued at $7,281,000 after acquiring an additional 1,520 shares during the last quarter. Longboard Asset Management LP acquired a new position in S&P Global during the 4th quarter valued at approximately $222,000. Rockline Wealth Management LLC boosted its position in S&P Global by 7.0% during the 4th quarter. Rockline Wealth Management LLC now owns 9,263 shares of the business services provider’s stock worth $4,613,000 after acquiring an additional 605 shares during the period. RBA Wealth Management LLC grew its stake in shares of S&P Global by 1.4% in the fourth quarter. RBA Wealth Management LLC now owns 10,718 shares of the business services provider’s stock worth $5,338,000 after purchasing an additional 151 shares in the last quarter. Finally, Columbus Macro LLC grew its stake in shares of S&P Global by 490.1% in the fourth quarter. Columbus Macro LLC now owns 10,221 shares of the business services provider’s stock worth $5,090,000 after purchasing an additional 8,489 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Price Performance

S&P Global stock opened at $515.89 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $160.08 billion, a PE ratio of 45.54, a price-to-earnings-growth ratio of 2.40 and a beta of 1.20. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The business has a 50 day simple moving average of $506.40 and a 200 day simple moving average of $504.70.

S&P Global Increases Dividend

The firm also recently disclosed 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. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.74%. S&P Global’s payout ratio is presently 32.13%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SPGI. BMO Capital Markets raised their target price on S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. Stifel Nicolaus upped their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Robert W. Baird upped their target price 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. reduced their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, UBS Group increased their price objective on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $584.54.

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.