LGT Fund Management Co Ltd. Has $14.89 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

LGT Fund Management Co Ltd. increased its position in S&P Global Inc. (NYSE:SPGI) by 16.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,896 shares of the business services provider’s stock after buying an additional 4,238 shares during the period. S&P Global accounts for approximately 1.3% of LGT Fund Management Co Ltd.’s investment portfolio, making the stock its 19th biggest holding. LGT Fund Management Co Ltd.’s holdings in S&P Global were worth $14,889,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Headinvest LLC grew its stake in shares of S&P Global by 2.0% in the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock valued at $515,000 after buying an additional 20 shares during the period. EWA LLC grew its stake in shares of S&P Global by 4.2% in the 3rd quarter. EWA LLC now owns 498 shares of the business services provider’s stock valued at $254,000 after buying an additional 20 shares during the period. Continuum Advisory LLC grew its stake in shares of S&P Global by 1.3% in the 3rd quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock valued at $788,000 after buying an additional 20 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of S&P Global by 2.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock valued at $515,000 after buying an additional 20 shares during the period. Finally, Archer Investment Corp grew its stake in shares of S&P Global by 21.0% in the 3rd quarter. Archer Investment Corp now owns 127 shares of the business services provider’s stock valued at $66,000 after buying an additional 22 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Up 1.7 %

NYSE:SPGI opened at $534.09 on Monday. 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 stock has a market capitalization of $164.39 billion, a PE ratio of 43.25, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The firm’s 50 day moving average is $513.75 and its 200 day moving average is $510.95. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS 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 period in the previous year, the firm posted $3.13 EPS. Sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is 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%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several research reports. Citigroup assumed coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. Wells Fargo & Company lifted their price target on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. BMO Capital Markets lifted 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. StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, UBS Group lifted their price target on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $590.23.

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.