Fullerton Fund Management Co Ltd. Has $58.90 Million Stake in S&P Global Inc. (NYSE:SPGI)

Fullerton Fund Management Co Ltd. lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 4,126.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 118,270 shares of the business services provider’s stock after purchasing an additional 115,472 shares during the quarter. S&P Global makes up about 2.1% of Fullerton Fund Management Co Ltd.’s holdings, making the stock its 15th biggest position. Fullerton Fund Management Co Ltd.’s holdings in S&P Global were worth $58,902,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Anderson Financial Strategies LLC acquired a new position in S&P Global during the fourth quarter valued at approximately $27,000. Human Investing LLC bought a new stake in S&P Global during the fourth quarter valued at about $30,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global in the fourth quarter valued at about $31,000. Hazlett Burt & Watson Inc. increased its stake in shares of S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock worth $32,000 after purchasing an additional 38 shares during the period. Finally, Sound Income Strategies LLC increased its position in S&P Global by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after buying an additional 63 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.0 %

Shares of NYSE:SPGI opened at $507.44 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $155.63 billion, a price-to-earnings ratio of 41.09, a P/E/G ratio of 2.41 and a beta of 1.23. The company has a 50 day moving average of $486.24 and a 200-day moving average of $501.60. S&P Global Inc. has a one year low of $419.49 and a one year high of $545.39.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $4.23 by $0.14. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the business posted $4.01 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Wednesday, May 28th. S&P Global’s dividend payout ratio is currently 30.16%.

Insider Buying and Selling at S&P Global

In other news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president now owns 5,131 shares in the company, valued at $2,619,016.33. The trade was a 8.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. BMO Capital Markets increased their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Wells Fargo & Company increased their target price on S&P Global from $607.00 to $627.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. Robert W. Baird decreased their price objective on shares of S&P Global from $616.00 to $589.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Morgan Stanley boosted their price objective on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Finally, Stifel Nicolaus lowered their target price on S&P Global from $629.00 to $603.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $592.71.

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.