S&P Global Inc. (NYSE:SPGI) Position Increased by Napatree Capital LLC

Napatree Capital LLC raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 20.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 698 shares of the business services provider’s stock after acquiring an additional 117 shares during the period. Napatree Capital LLC’s holdings in S&P Global were worth $348,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Meridian Wealth Advisors LLC increased its position in shares of S&P Global by 2.2% during the 4th quarter. Meridian Wealth Advisors LLC now owns 11,507 shares of the business services provider’s stock valued at $5,731,000 after purchasing an additional 252 shares during the period. LPL Financial LLC increased its position in shares of S&P Global by 6.6% during the 4th quarter. LPL Financial LLC now owns 270,099 shares of the business services provider’s stock valued at $134,556,000 after purchasing an additional 16,761 shares during the period. Fox Run Management L.L.C. increased its position in shares of S&P Global by 126.2% during the 4th quarter. Fox Run Management L.L.C. now owns 1,617 shares of the business services provider’s stock valued at $805,000 after purchasing an additional 902 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of S&P Global in the 4th quarter worth $62,472,000. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of S&P Global in the 4th quarter worth $95,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SPGI shares. UBS Group lifted their target price on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Oppenheimer decreased their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Evercore ISI lifted their target price on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, BMO Capital Markets lifted their target price on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $590.86.

S&P Global Price Performance

SPGI opened at $497.62 on Friday. The stock has a market cap of $153.17 billion, a price-to-earnings ratio of 40.29, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. 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 fifty day moving average price of $513.85 and a 200 day moving average price of $510.42.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) 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 quarter in the previous year, the business earned $3.13 earnings per share. Analysts forecast that S&P Global Inc. will post 17.11 EPS 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. Shareholders of record on Wednesday, February 26th were given a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.77%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is currently 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.