Impax Asset Management Group plc Sells 241 Shares of S&P Global Inc. (NYSE:SPGI)

Impax Asset Management Group plc cut its position in shares of S&P Global Inc. (NYSE:SPGI) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,906 shares of the business services provider’s stock after selling 241 shares during the quarter. Impax Asset Management Group plc’s holdings in S&P Global were worth $3,937,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Personal Financial Services purchased a new stake in S&P Global during the 3rd quarter valued at $29,000. Human Investing LLC purchased a new position in shares of S&P Global in the fourth quarter worth $30,000. Capital Performance Advisors LLP bought a new stake in S&P Global in the third quarter worth $31,000. Voisard Asset Management Group Inc. boosted its stake in shares of S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 27 shares during the period. Finally, Dunhill Financial LLC lifted its stake in S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after acquiring an additional 34 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Trading Down 0.0 %

Shares of S&P Global stock opened at $533.17 on Tuesday. The firm has a market capitalization of $164.11 billion, a price-to-earnings ratio of 43.17, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. The firm’s 50 day simple moving average is $510.68 and its two-hundred day simple moving average is $509.77. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating 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 quarter in the previous year, the firm earned $3.13 earnings per share. Analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is currently 31.09%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SPGI shares. StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Wells Fargo & Company increased their price objective on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Morgan Stanley raised their price target on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. BMO Capital Markets lifted their price objective on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Finally, Evercore ISI lifted their price objective on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target of $590.23.

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.