S&P Global Inc. (NYSE:SPGI) Stake Raised by Totem Point Management LLC

Totem Point Management LLC lifted its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 17.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,800 shares of the business services provider's stock after purchasing an additional 3,761 shares during the quarter. S&P Global comprises approximately 13.6% of Totem Point Management LLC's holdings, making the stock its largest position. Totem Point Management LLC's holdings in S&P Global were worth $12,849,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Human Investing LLC purchased a new position in S&P Global in the 4th quarter worth approximately $30,000. Noble Wealth Management PBC purchased a new position in shares of S&P Global in the fourth quarter worth $31,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after purchasing an additional 38 shares in the last quarter. Sound Income Strategies LLC boosted its position in shares of S&P Global by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock valued at $36,000 after buying an additional 63 shares during the last quarter. Finally, BankPlus Trust Department purchased a new position in S&P Global in the 4th quarter worth about $40,000. Institutional investors own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SPGI shares. Oppenheimer reduced their price target on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. JPMorgan Chase & Co. cut their target price on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Mizuho began coverage on S&P Global in a report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price target on the stock. Morgan Stanley lifted their price objective on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Finally, Wells Fargo & Company lowered their target price on S&P Global from $633.00 to $607.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $591.86.

S&P Global Price Performance

NYSE:SPGI traded down $5.19 during trading hours on Monday, reaching $474.81. The stock had a trading volume of 540,433 shares, compared to its average volume of 1,220,882. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $149.01 billion, a PE ratio of 38.44, a PEG ratio of 2.41 and a beta of 1.26. S&P Global Inc. has a 52 week low of $408.84 and a 52 week high of $545.39. The company has a 50 day moving average price of $492.37 and a two-hundred day moving average price of $502.89.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter last year, the company earned $3.13 earnings per share. As a group, sell-side analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.96 per share. The ex-dividend date was Wednesday, February 26th. This is an increase from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 0.81%. S&P Global's dividend payout ratio is 31.09%.

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.