Forsta AP Fonden Has $38.39 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Forsta AP Fonden lessened its stake in S&P Global Inc. (NYSE:SPGI) by 0.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,085 shares of the business services provider’s stock after selling 100 shares during the quarter. Forsta AP Fonden’s holdings in S&P Global were worth $38,391,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SPGI. Foster Victor Wealth Advisors LLC boosted its stake in S&P Global by 11.1% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 28,512 shares of the business services provider’s stock worth $14,309,000 after purchasing an additional 2,859 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of S&P Global by 52.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 720,517 shares of the business services provider’s stock valued at $358,839,000 after purchasing an additional 249,242 shares in the last quarter. Sumitomo Life Insurance Co. boosted its position in shares of S&P Global by 21.1% during the fourth quarter. Sumitomo Life Insurance Co. now owns 26,838 shares of the business services provider’s stock worth $13,366,000 after buying an additional 4,671 shares during the period. SteelPeak Wealth LLC bought a new position in shares of S&P Global during the fourth quarter worth about $1,224,000. Finally, Mayflower Financial Advisors LLC lifted its stake in S&P Global by 33.7% in the 4th quarter. Mayflower Financial Advisors LLC now owns 1,304 shares of the business services provider’s stock valued at $650,000 after acquiring an additional 329 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SPGI shares. Robert W. Baird raised their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Stifel Nicolaus raised their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Citigroup initiated coverage on shares of 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. Oppenheimer decreased their price objective 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, UBS Group upped their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Trading Down 0.0 %

Shares of S&P Global stock opened at $520.54 on Wednesday. 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 business has a fifty day simple moving average of $505.75 and a two-hundred day simple moving average of $503.99. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The company has a market capitalization of $161.52 billion, a price-to-earnings ratio of 45.94, a P/E/G ratio of 2.36 and a beta of 1.20.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. S&P Global’s payout ratio is presently 32.13%.

S&P Global 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.