EFG Asset Management Americas Corp. Has $7.06 Million Stake in S&P Global Inc. (NYSE:SPGI)

EFG Asset Management Americas Corp. raised its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 68.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,022 shares of the business services provider's stock after purchasing an additional 6,485 shares during the quarter. S&P Global comprises approximately 1.5% of EFG Asset Management Americas Corp.'s investment portfolio, making the stock its 16th biggest holding. EFG Asset Management Americas Corp.'s holdings in S&P Global were worth $7,058,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP grew its position in S&P Global by 13.2% in the 3rd quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider's stock valued at $2,769,787,000 after buying an additional 881,215 shares in the last quarter. Morgan Stanley boosted its holdings in shares of S&P Global by 8.2% in the third quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider's stock valued at $2,067,807,000 after acquiring an additional 428,737 shares in the last quarter. Northern Trust Corp increased its stake in shares of S&P Global by 39.5% during the first quarter. Northern Trust Corp now owns 3,727,874 shares of the business services provider's stock valued at $1,529,100,000 after acquiring an additional 1,056,097 shares during the period. Norges Bank acquired a new position in shares of S&P Global during the fourth quarter valued at approximately $1,112,935,000. Finally, Nuveen Asset Management LLC raised its holdings in S&P Global by 22.7% during the second quarter. Nuveen Asset Management LLC now owns 2,881,232 shares of the business services provider's stock worth $1,155,057,000 after purchasing an additional 533,417 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Trading Down 0.2 %

Shares of SPGI stock traded down $0.81 during trading hours on Friday, reaching $412.56. 1,138,654 shares of the stock traded hands, compared to its average volume of 1,166,407. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $132.13 billion, a PE ratio of 50.13, a PEG ratio of 2.33 and a beta of 1.15. S&P Global Inc. has a 1-year low of $338.92 and a 1-year high of $461.16. The business has a fifty day moving average price of $424.73 and a 200 day moving average price of $416.36.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.02). The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. S&P Global's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $2.54 earnings per share. On average, equities research analysts forecast that S&P Global Inc. will post 14.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 27th were paid a $0.91 dividend. This is an increase from S&P Global's previous quarterly dividend of $0.90. This represents a $3.64 annualized dividend and a yield of 0.88%. The ex-dividend date was Monday, February 26th. S&P Global's dividend payout ratio is currently 44.23%.

Insiders Place Their Bets

In other news, CEO Douglas L. Peterson sold 6,000 shares of the company's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the transaction, the chief executive officer now owns 162,530 shares in the company, valued at approximately $69,032,992.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SPGI. Barclays lifted their price target on S&P Global from $500.00 to $520.00 and gave the company an "overweight" rating in a research report on Tuesday, April 2nd. BMO Capital Markets lifted their target price on S&P Global from $480.00 to $483.00 and gave the stock an "outperform" rating in a report on Monday, April 1st. Stifel Nicolaus dropped their price target on shares of S&P Global from $460.00 to $442.00 and set a "buy" rating on the stock in a research report on Thursday. Oppenheimer reissued an "outperform" rating and issued a $480.00 price target on shares of S&P Global in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $500.00 price objective on shares of S&P Global in a research note on Friday, February 9th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $462.00.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.