Adams Diversified Equity Fund Inc. Buys 11,100 Shares of S&P Global Inc. (NYSE:SPGI)

Adams Diversified Equity Fund Inc. grew its stake in S&P Global Inc. (NYSE:SPGI) by 32.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,800 shares of the business services provider’s stock after purchasing an additional 11,100 shares during the quarter. S&P Global makes up about 0.9% of Adams Diversified Equity Fund Inc.’s holdings, making the stock its 28th largest position. Adams Diversified Equity Fund Inc.’s holdings in S&P Global were worth $22,810,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Human Investing LLC bought a new stake in S&P Global during the fourth quarter worth $30,000. Noble Wealth Management PBC bought a new stake in S&P Global during the fourth quarter worth $31,000. Dunhill Financial LLC lifted its holdings in S&P Global by 94.4% during the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after acquiring an additional 34 shares during the period. Sound Income Strategies LLC lifted its holdings 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 during the period. Finally, BankPlus Trust Department bought a new stake in S&P Global during the fourth quarter worth $40,000. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Mizuho assumed coverage on S&P Global in a research report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price target on the stock. Citigroup assumed coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price target on the stock. Morgan Stanley upped their price target on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. UBS Group upped their price target on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, BMO Capital Markets upped their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $590.86.

S&P Global Price Performance

Shares of NYSE SPGI opened at $497.20 on Friday. The firm has a market capitalization of $153.04 billion, a P/E ratio of 40.26, a P/E/G 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. The stock’s 50-day simple moving average is $513.56 and its two-hundred day simple moving average is $510.53. S&P Global Inc. has a twelve month low of $407.69 and a twelve month 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 for the quarter, topping analysts’ consensus estimates 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 last year, the company posted $3.13 EPS. As a group, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a $0.96 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Wednesday, February 26th. S&P Global’s dividend payout ratio 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.