TCW Group Inc. grew its stake in shares of S&P Global Inc (NYSE:SPGI) by 21.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 429,519 shares of the business services provider’s stock after purchasing an additional 77,177 shares during the quarter. TCW Group Inc.’s holdings in S&P Global were worth $72,760,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. USA Mutuals Advisors Inc. purchased a new stake in shares of S&P Global during the fourth quarter valued at approximately $108,000. Cerebellum GP LLC purchased a new stake in shares of S&P Global during the fourth quarter valued at approximately $129,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of S&P Global by 89.8% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 837 shares of the business services provider’s stock valued at $142,000 after purchasing an additional 396 shares during the period. Americafirst Capital Management LLC bought a new position in shares of S&P Global during the third quarter valued at approximately $150,000. Finally, NuWave Investment Management LLC bought a new position in shares of S&P Global during the fourth quarter valued at approximately $172,000. 84.97% of the stock is owned by hedge funds and other institutional investors.
S&P Global Inc (NYSE:SPGI) opened at $189.28 on Monday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.13. The stock has a market capitalization of $48,058.19, a price-to-earnings ratio of 32.75, a price-to-earnings-growth ratio of 1.53 and a beta of 1.52. S&P Global Inc has a twelve month low of $127.28 and a twelve month high of $190.99.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Monday, February 26th will be issued a $0.50 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, February 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.06%. S&P Global’s dividend payout ratio is 28.37%.
A number of equities analysts recently commented on SPGI shares. Cantor Fitzgerald restated a “buy” rating and set a $177.00 target price on shares of S&P Global in a report on Thursday, October 26th. BMO Capital Markets downgraded S&P Global from an “outperform” rating to a “market perform” rating and set a $166.00 target price for the company. in a report on Friday, October 27th. Wells Fargo & Co upped their target price on S&P Global from $159.00 to $165.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Barclays upped their target price on S&P Global from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Finally, UBS Group upped their target price on S&P Global from $173.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 27th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $190.36.
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About S&P Global
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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