Swedbank AB Buys 47,454 Shares of S&P Global Inc. (NYSE:SPGI)

Swedbank AB increased its holdings in S&P Global Inc. (NYSE:SPGI) by 5.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 919,042 shares of the business services provider’s stock after buying an additional 47,454 shares during the period. Swedbank AB’s holdings in S&P Global were worth $457,710,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Nordea Investment Management AB increased its holdings in S&P Global by 52.0% in the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after acquiring an additional 225,370 shares during the last quarter. GDS Wealth Management grew its holdings in shares of S&P Global by 7.0% during the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after purchasing an additional 1,801 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in S&P Global by 12.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after acquiring an additional 3,093 shares during the period. Oddo BHF Asset Management Sas purchased a new position in shares of S&P Global in the third quarter valued at about $27,170,000. Finally, Eastern Bank boosted its holdings in S&P Global by 3.1% in the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock valued at $24,980,000 after acquiring an additional 1,530 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on SPGI shares. Stifel Nicolaus upped their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. UBS Group upped their price target on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Citigroup assumed coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Robert W. Baird lifted their price target on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Morgan Stanley upped their price objective on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Stock Down 0.2 %

Shares of S&P Global stock traded down $1.04 on Wednesday, reaching $519.42. The company’s stock had a trading volume of 62,074 shares, compared to its average volume of 1,217,680. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29. The firm’s fifty day simple moving average is $505.75 and its two-hundred day simple moving average is $503.99. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $161.17 billion, a price-to-earnings ratio of 45.87, a P/E/G ratio of 2.36 and a beta of 1.20.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.74%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

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.