E. Ohman J or Asset Management AB Increases Stake in S&P Global Inc. (NYSE:SPGI)

E. Ohman J or Asset Management AB raised its position in S&P Global Inc. (NYSE:SPGI) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,620 shares of the business services provider’s stock after acquiring an additional 1,520 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in S&P Global were worth $7,281,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new position in S&P Global during the 3rd quarter worth about $27,000. First Personal Financial Services purchased a new stake in shares of S&P Global during the 3rd quarter worth about $29,000. Capital Performance Advisors LLP acquired a new stake in shares of S&P Global in the third quarter valued at about $31,000. Voisard Asset Management Group Inc. grew its holdings in shares of S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after buying an additional 27 shares in the last quarter. Finally, Dunhill Financial LLC increased its stake in shares of S&P Global by 94.4% in the 3rd 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 last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Performance

Shares of SPGI stock opened at $518.53 on Tuesday. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. 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’s 50 day simple moving average is $506.40 and its 200 day simple moving average is $504.70. The stock has a market capitalization of $160.90 billion, a PE ratio of 45.77, a PEG ratio of 2.40 and a beta of 1.20.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. S&P Global’s payout ratio is presently 32.13%.

Analyst Ratings Changes

SPGI has been the topic of several analyst reports. UBS Group increased their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company reduced their price objective on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a report on Friday, January 10th. JPMorgan Chase & Co. lowered their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Stifel Nicolaus upped their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Morgan Stanley boosted their price target on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $584.54.

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.