Evergreen Quality Fund GP Ltd. bought a new stake in shares of S&P Global Inc. (NYSE:SPGI – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 338,083 shares of the business services provider’s stock, valued at approximately $176,679,000. S&P Global makes up 3.5% of Evergreen Quality Fund GP Ltd.’s holdings, making the stock its 10th largest holding.
Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in S&P Global in the 4th quarter valued at about $2,398,991,000. Cardano Risk Management B.V. raised its stake in S&P Global by 858.3% during the 4th quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock valued at $919,879,000 after purchasing an additional 1,576,544 shares during the period. T. Rowe Price Investment Management Inc. raised its position in S&P Global by 1,598.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,042,835 shares of the business services provider’s stock valued at $544,976,000 after buying an additional 981,451 shares during the period. Capital International Investors lifted its position in shares of S&P Global by 43.6% in the fourth quarter. Capital International Investors now owns 3,037,912 shares of the business services provider’s stock worth $1,587,910,000 after purchasing an additional 922,433 shares in the last quarter. Finally, Amundi lifted its position in S&P Global by 35.2% in the 4th quarter. Amundi now owns 2,107,041 shares of the business services provider’s stock worth $1,101,119,000 after buying an additional 548,004 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.
S&P Global Price Performance
Shares of S&P Global stock opened at $417.85 on Thursday. The stock has a market capitalization of $123.68 billion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 1.85 and a beta of 1.08. The firm’s 50-day moving average price is $424.42 and its two-hundred day moving average price is $457.23. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05.
S&P Global Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th were given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, May 29th. S&P Global’s payout ratio is currently 24.56%.
Analyst Ratings Changes
Several equities research analysts recently commented on SPGI shares. The Goldman Sachs Group reissued a “buy” rating on shares of S&P Global in a research note on Tuesday, April 28th. UBS Group reaffirmed a “buy” rating on shares of S&P Global in a research report on Wednesday, May 27th. Wells Fargo & Company dropped their price objective on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a report on Monday, April 13th. Barclays reaffirmed an “overweight” rating and set a $565.00 price objective on shares of S&P Global in a report on Monday, February 23rd. Finally, Evercore dropped their target price on S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. Seventeen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target of $546.39.
Read Our Latest Analysis on S&P Global
Insider Buying and Selling
In other S&P Global news, Director Robert Edward Jr. Moritz purchased 1,152 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were purchased at an average cost of $434.03 per share, with a total value of $500,002.56. Following the transaction, the director directly owned 1,152 shares of the company’s stock, valued at $500,002.56. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Catherine R. Clay acquired 2,500 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was bought at an average price of $431.39 per share, with a total value of $1,078,475.00. Following the acquisition, the chief executive officer directly owned 2,500 shares in the company, valued at $1,078,475. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is owned by insiders.
About S&P Global
S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.
S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.
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