Van ECK Associates Corp Increases Holdings in S&P Global Inc. (NYSE:SPGI)

Van ECK Associates Corp boosted its position in S&P Global Inc. (NYSE:SPGI) by 3.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,020 shares of the business services provider’s stock after acquiring an additional 256 shares during the period. Van ECK Associates Corp’s holdings in S&P Global were worth $3,994,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its position in S&P Global by 174,815.4% during the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after purchasing an additional 466,757 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in S&P Global in the third quarter worth about $224,976,000. FMR LLC boosted its position in shares of S&P Global by 6.6% during the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after purchasing an additional 369,598 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of S&P Global in the 4th quarter worth about $144,091,000. Finally, Wellington Management Group LLP increased its stake in shares of S&P Global by 3.4% during the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after purchasing an additional 292,436 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 0.2 %

Shares of SPGI stock opened at $542.61 on Thursday. The company has a market cap of $167.02 billion, a PE ratio of 43.94, a price-to-earnings-growth ratio of 2.42 and a beta of 1.20. The stock’s 50 day simple moving average is $509.06 and its two-hundred day simple moving average is $508.41. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

S&P Global (NYSE:SPGI) last released its earnings results 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 return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the previous year, the business earned $3.13 EPS. Research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.71%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is currently 31.09%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Evercore ISI lifted their price target on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Stifel Nicolaus upped their price objective on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Oppenheimer cut 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 research report on Friday, January 3rd. JPMorgan Chase & Co. lowered their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, UBS Group increased their price target on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average target price of $590.23.

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.