Polymer Capital Management HK LTD Purchases New Shares in S&P Global Inc. (NYSE:SPGI)

Polymer Capital Management HK LTD purchased a new position in S&P Global Inc. (NYSE:SPGI) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 9,571 shares of the business services provider’s stock, valued at approximately $4,767,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Howard Capital Management Group LLC boosted its stake 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 worth $471,000 after purchasing an additional 28 shares during the period. Centiva Capital LP acquired a new stake in shares of S&P Global in the third quarter worth $478,000. Quarry LP purchased a new position in shares of S&P Global during the third quarter valued at $55,000. Kovitz Investment Group Partners LLC raised its position in S&P Global by 24.4% during the third quarter. Kovitz Investment Group Partners LLC now owns 15,689 shares of the business services provider’s stock valued at $8,105,000 after buying an additional 3,073 shares during the period. Finally, EP Wealth Advisors LLC lifted its stake in S&P Global by 3.7% in the 3rd quarter. EP Wealth Advisors LLC now owns 109,787 shares of the business services provider’s stock worth $56,718,000 after acquiring an additional 3,877 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Down 7.7 %

Shares of SPGI stock opened at $451.47 on Friday. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The company has a market cap of $141.69 billion, a PE ratio of 36.56, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $513.70 and its two-hundred day moving average is $509.23.

S&P Global (NYSE:SPGI) last released its 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 last year, the business posted $3.13 earnings per share. Equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citigroup started coverage on S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Oppenheimer dropped their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. BMO Capital Markets lifted their price objective on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, Mizuho initiated coverage on S&P Global in a research report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 target price on the stock. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $590.86.

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.