Papamarkou Wellner Asset Management inc. acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,634 shares of the business services provider’s stock, valued at approximately $2,396,000. S&P Global accounts for 0.5% of Papamarkou Wellner Asset Management inc.’s investment portfolio, making the stock its 20th largest holding.
Several other large investors also recently made changes to their positions in SPGI. State Street Corp increased its holdings in S&P Global by 1.1% during the 4th quarter. State Street Corp now owns 14,259,690 shares of the business services provider’s stock valued at $7,451,971,000 after purchasing an additional 157,301 shares during the period. TCI Fund Management Ltd. raised its position in S&P Global by 5.4% during the 4th quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock valued at $6,161,498,000 after purchasing an additional 600,440 shares during the last quarter. Morgan Stanley lifted its holdings in S&P Global by 3.3% in the 4th quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock worth $4,354,796,000 after buying an additional 263,051 shares during the period. Norges Bank bought a new stake in shares of S&P Global in the 4th quarter worth approximately $2,398,991,000. Finally, Capital International Investors grew its position in shares of S&P Global by 43.6% in the 4th quarter. Capital International Investors now owns 3,037,912 shares of the business services provider’s stock worth $1,587,910,000 after buying an additional 922,433 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.
S&P Global Stock Down 0.2%
Shares of NYSE:SPGI opened at $435.73 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $552.25. The company has a 50-day moving average price of $423.94 and a 200 day moving average price of $424.16. The company has a market cap of $128.45 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 1.96 and a beta of 1.07.
S&P Global Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be given a $0.97 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s payout ratio is 23.69%.
Analyst Upgrades and Downgrades
SPGI has been the topic of a number of analyst reports. Robert W. Baird dropped their price target on shares of S&P Global from $521.00 to $513.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 29th. Wall Street Zen upgraded shares of S&P Global to a “hold” rating in a research note on Saturday, July 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $510.00 target price on shares of S&P Global in a report on Wednesday. Stifel Nicolaus upped their target price on shares of S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Finally, Morgan Stanley cut their price target on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. Eighteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $523.59.
Get Our Latest Stock Report on SPGI
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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