S&P Global Inc. $SPGI Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 598,747 shares of the business services provider’s stock after selling 2,092 shares during the quarter. Bessemer Group Inc. owned about 0.20% of S&P Global worth $291,415,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. MTM Investment Management LLC purchased a new stake in S&P Global in the 2nd quarter valued at $27,000. J.Safra Asset Management Corp acquired a new position in S&P Global in the third quarter valued at $29,000. Spurstone Advisory Services LLC purchased a new stake in shares of S&P Global in the second quarter valued at about $34,000. Howard Hughes Medical Institute purchased a new stake in shares of S&P Global in the second quarter valued at about $36,000. Finally, First Pacific Financial boosted its stake in shares of S&P Global by 51.0% during the third quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock worth $36,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. The Goldman Sachs Group reissued a “buy” rating and issued a $640.00 target price on shares of S&P Global in a report on Tuesday, December 16th. BMO Capital Markets set a $546.00 price target on S&P Global in a report on Friday, November 14th. Mizuho lifted their price objective on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Finally, William Blair restated an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $615.64.

S&P Global Stock Down 0.8%

S&P Global stock opened at $464.65 on Thursday. The stock’s 50 day moving average price is $518.20 and its 200 day moving average price is $516.57. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a market cap of $140.70 billion, a PE ratio of 33.79, a price-to-earnings-growth ratio of 1.99 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be paid a dividend of $0.97 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global’s dividend payout ratio is currently 27.93%.

S&P Global Company Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.