S&P Global Inc. (NYSE:SPGI) Shares Purchased by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC grew its stake in S&P Global Inc. (NYSE:SPGI) by 0.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,499 shares of the business services provider’s stock after acquiring an additional 49 shares during the period. Freestone Capital Holdings LLC’s holdings in S&P Global were worth $5,727,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in SPGI. Wellington Management Group LLP grew its holdings 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 in the last quarter. Geode Capital Management LLC grew its holdings 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 in the last quarter. FMR LLC grew its holdings 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in S&P Global by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,999,467 shares of the business services provider’s stock worth $995,795,000 after acquiring an additional 62,770 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SPGI shares. Wells Fargo & Company upped their target price on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Citigroup started coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. BMO Capital Markets upped their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Oppenheimer lowered their target price on shares of 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, Evercore ISI upped their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $590.23.

S&P Global Price Performance

Shares of NYSE SPGI opened at $523.27 on Thursday. The stock has a market cap of $161.06 billion, a price-to-earnings ratio of 42.37, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The company’s 50-day moving average price is $514.96 and its 200 day moving average price is $511.46. 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 (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the business posted $3.13 EPS. As a group, research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is currently 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.