Groupama Asset Managment Purchases 68 Shares of S&P Global Inc. (NYSE:SPGI)

Groupama Asset Managment lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,650 shares of the business services provider’s stock after purchasing an additional 68 shares during the period. Groupama Asset Managment’s holdings in S&P Global were worth $7,296,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in SPGI. Howard Capital Management Group LLC raised its holdings in S&P Global by 3.2% in the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock valued at $471,000 after acquiring an additional 28 shares in the last quarter. Bamco Inc. NY increased its holdings in shares of S&P Global by 2.8% during the third quarter. Bamco Inc. NY now owns 45,241 shares of the business services provider’s stock worth $23,372,000 after buying an additional 1,230 shares in the last quarter. Centiva Capital LP bought a new position in shares of S&P Global in the 3rd quarter valued at $478,000. Hilltop Holdings Inc. boosted its holdings in shares of S&P Global by 605.7% during the 3rd quarter. Hilltop Holdings Inc. now owns 13,323 shares of the business services provider’s stock valued at $6,882,000 after acquiring an additional 11,435 shares in the last quarter. Finally, HighTower Advisors LLC grew its position in S&P Global by 7.9% during the 3rd quarter. HighTower Advisors LLC now owns 173,802 shares of the business services provider’s stock worth $89,939,000 after acquiring an additional 12,719 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SPGI shares. BMO Capital Markets boosted their price target on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Citigroup began 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 objective for the company. Evercore ISI boosted their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Morgan Stanley increased their price target on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, UBS Group upped their target price 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. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $590.86.

S&P Global Trading Up 0.5 %

SPGI opened at $510.66 on Wednesday. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The firm has a market capitalization of $160.26 billion, a PE ratio of 41.35, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The company’s 50-day moving average is $515.35 and its 200 day moving average is $509.96.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share 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 period last year, the firm earned $3.13 EPS. As a group, research analysts predict that S&P Global Inc. will post 17.11 earnings per share 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. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is presently 31.09%.

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.