Geode Capital Management LLC Purchases 116,208 Shares of S&P Global Inc. (NYSE:SPGI)

Geode Capital Management LLC lifted its position in S&P Global Inc. (NYSE:SPGI) by 1.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,589,982 shares of the business services provider’s stock after acquiring an additional 116,208 shares during the period. Geode Capital Management LLC’s holdings in S&P Global were worth $3,273,264,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Human Investing LLC bought a new position in S&P Global in the fourth quarter worth $30,000. Noble Wealth Management PBC purchased a new stake in shares of S&P Global in the 4th quarter worth about $31,000. Hazlett Burt & Watson Inc. increased its stake in shares of S&P Global by 131.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock worth $32,000 after acquiring an additional 38 shares in the last quarter. Dunhill Financial LLC lifted its position in S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 34 shares during the period. Finally, Sound Income Strategies LLC boosted its stake in S&P Global by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after acquiring an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wells Fargo & Company raised their target price on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. UBS Group lifted their price objective on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Mizuho initiated coverage on S&P Global in a report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 target price on the stock. Oppenheimer reduced their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and an average price target of $590.86.

S&P Global Price Performance

Shares of SPGI opened at $508.48 on Tuesday. The firm has a fifty day simple moving average of $515.34 and a two-hundred day simple moving average of $510.02. The firm has a market cap of $159.58 billion, a PE ratio of 41.17, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39.

S&P Global (NYSE:SPGI) last announced 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 14.33% and a net margin of 27.12%. During the same period in the previous year, the business earned $3.13 EPS. On average, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.76%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. S&P Global’s dividend payout ratio is 31.09%.

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.