Sumitomo Mitsui Trust Group Inc. Grows Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Sumitomo Mitsui Trust Group Inc. increased its stake in S&P Global Inc. (NYSE:SPGI) by 5.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 769,864 shares of the business services provider’s stock after buying an additional 42,313 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.25% of S&P Global worth $383,415,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPGI. International Assets Investment Management LLC increased its holdings in shares of S&P Global by 174,815.4% during the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after acquiring an additional 466,757 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in S&P Global during the 3rd quarter valued at about $224,976,000. FMR LLC increased its stake in S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after purchasing an additional 369,598 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in S&P Global in the fourth quarter worth about $144,091,000. Finally, Wellington Management Group LLP lifted its stake in shares of S&P Global by 3.4% in the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after buying an additional 292,436 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.8 %

Shares of S&P Global stock opened at $518.52 on Friday. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The company’s fifty day simple moving average is $506.01 and its 200-day simple moving average is $505.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $160.90 billion, a PE ratio of 45.76, a P/E/G ratio of 2.40 and a beta of 1.20.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a $0.96 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. S&P Global’s dividend payout ratio is presently 32.13%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SPGI shares. Wells Fargo & Company decreased their price objective on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a report on Friday, January 10th. JPMorgan Chase & Co. decreased their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Oppenheimer dropped their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Citigroup began coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. Finally, BMO Capital Markets upped their target price on shares of S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $584.54.

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.