Katamaran Capital LLP Makes New $3.73 Million Investment in S&P Global Inc. (NYSE:SPGI)

Katamaran Capital LLP purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,485 shares of the business services provider’s stock, valued at approximately $3,728,000. S&P Global makes up approximately 4.7% of Katamaran Capital LLP’s investment portfolio, making the stock its 6th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in SPGI. Resona Asset Management Co. Ltd. purchased a new position in S&P Global in the fourth quarter valued at $49,407,000. Lynwood Price Capital Management LP acquired a new stake in S&P Global in the 4th quarter valued at about $6,126,000. Prudential PLC boosted its stake in shares of S&P Global by 69.6% in the 4th quarter. Prudential PLC now owns 52,618 shares of the business services provider’s stock valued at $26,205,000 after buying an additional 21,588 shares during the period. Arete Wealth Advisors LLC grew its position in shares of S&P Global by 13.7% during the fourth quarter. Arete Wealth Advisors LLC now owns 524 shares of the business services provider’s stock worth $261,000 after buying an additional 63 shares in the last quarter. Finally, World Investment Advisors grew its position in shares of S&P Global by 10.0% during the fourth quarter. World Investment Advisors now owns 18,569 shares of the business services provider’s stock worth $9,248,000 after buying an additional 1,689 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI stock opened at $451.47 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $141.69 billion, a P/E ratio of 36.56, a PEG ratio of 2.41 and a beta of 1.20. The business has a 50 day simple moving average of $513.70 and a 200-day simple moving average of $509.32. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates 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 previous year, the company posted $3.13 earnings per share. As a group, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.85%. The ex-dividend date was Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is 31.09%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. StockNews.com downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. UBS Group lifted their price objective on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Citigroup initiated coverage on shares of S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. BMO Capital Markets raised their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Company upped their price objective 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. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $590.86.

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.