S&P Global Inc. (NYSE:SPGI) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 64.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,796 shares of the business services provider's stock after purchasing an additional 5,809 shares during the period. Tower Research Capital LLC TRC's holdings in S&P Global were worth $7,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of SPGI. Parkside Financial Bank & Trust grew its position in S&P Global by 2.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock worth $515,000 after purchasing an additional 20 shares during the period. Personal CFO Solutions LLC grew its holdings in S&P Global by 3.1% during the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock worth $336,000 after acquiring an additional 20 shares during the period. Anfield Capital Management LLC raised its position in S&P Global by 25.6% during the fourth quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock valued at $54,000 after acquiring an additional 22 shares in the last quarter. Invenio Wealth Partners LLC raised its position in S&P Global by 4.0% during the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock valued at $286,000 after acquiring an additional 22 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its holdings in S&P Global by 4.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider's stock valued at $265,000 after acquiring an additional 23 shares during the period. 87.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Bank of America started coverage on shares of S&P Global in a report on Thursday, April 10th. They set a "buy" rating and a $600.00 target price for the company. Morgan Stanley lifted their price objective on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. UBS Group increased their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Evercore ISI lifted their price target on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Finally, Mizuho began coverage on S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price target on the stock. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $591.86.

S&P Global Price Performance

Shares of NYSE:SPGI traded down $1.88 during midday trading on Friday, hitting $479.39. The company's stock had a trading volume of 528,126 shares, compared to its average volume of 1,228,045. The company has a market cap of $150.45 billion, a P/E ratio of 38.82, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. The business's 50 day simple moving average is $493.62 and its 200 day simple moving average is $503.36. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping analysts' consensus estimates 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 period last year, the business posted $3.13 EPS. On average, analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Wednesday, February 26th. This is a positive change from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is currently 31.09%.

About S&P Global

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.