Achmea Investment Management B.V. Buys 6,419 Shares of S&P Global Inc. (NYSE:SPGI)

Achmea Investment Management B.V. grew its stake in S&P Global Inc. (NYSE:SPGI) by 109.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,275 shares of the business services provider’s stock after acquiring an additional 6,419 shares during the quarter. Achmea Investment Management B.V.’s holdings in S&P Global were worth $6,114,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Essential Planning LLC. bought a new position in S&P Global in the fourth quarter valued at approximately $215,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new position in S&P Global during the 4th quarter worth about $289,000. EverSource Wealth Advisors LLC raised its stake in shares of S&P Global by 74.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,129 shares of the business services provider’s stock valued at $562,000 after purchasing an additional 481 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of S&P Global by 5.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 5,855 shares of the business services provider’s stock valued at $2,916,000 after purchasing an additional 279 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in shares of S&P Global by 1.6% in the fourth quarter. HighTower Advisors LLC now owns 176,532 shares of the business services provider’s stock valued at $87,918,000 after purchasing an additional 2,730 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on SPGI. BMO Capital Markets lifted their price objective 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. Citigroup assumed coverage on shares of S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. Oppenheimer reduced their price target on 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. Wells Fargo & Company boosted their price target on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Finally, Evercore ISI boosted their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $590.86.

S&P Global Stock Up 0.3 %

Shares of SPGI opened at $479.51 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The stock has a market capitalization of $147.59 billion, a price-to-earnings ratio of 38.83, a PEG ratio of 2.41 and a beta of 1.20. The stock has a fifty day moving average of $513.81 and a 200-day moving average of $511.01.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm posted $3.13 EPS. As a group, sell-side analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.80%. S&P Global’s dividend payout ratio is presently 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.