S&P Global Inc. (NYSE:SPGI) Shares Sold by Phraction Management LLC

Phraction Management LLC cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,824 shares of the business services provider’s stock after selling 88 shares during the period. S&P Global makes up about 3.8% of Phraction Management LLC’s investment portfolio, making the stock its 10th largest holding. Phraction Management LLC’s holdings in S&P Global were worth $10,869,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SPGI. Hemington Wealth Management increased its holdings in shares of S&P Global by 10.0% in the fourth quarter. Hemington Wealth Management now owns 263 shares of the business services provider’s stock valued at $130,000 after buying an additional 24 shares in the last quarter. Stanley Laman Group Ltd. raised its stake in S&P Global by 29.8% during the 4th quarter. Stanley Laman Group Ltd. now owns 571 shares of the business services provider’s stock valued at $284,000 after purchasing an additional 131 shares during the period. Consolidated Planning Corp grew its holdings in shares of S&P Global by 2.8% during the 4th quarter. Consolidated Planning Corp now owns 7,602 shares of the business services provider’s stock valued at $3,786,000 after acquiring an additional 206 shares in the last quarter. Fiera Capital Corp grew its holdings in shares of S&P Global by 1.0% during the 4th quarter. Fiera Capital Corp now owns 838,798 shares of the business services provider’s stock valued at $417,747,000 after acquiring an additional 8,055 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in S&P Global by 3.3% in the fourth quarter. Van ECK Associates Corp now owns 8,020 shares of the business services provider’s stock worth $3,994,000 after purchasing an additional 256 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SPGI shares. Citigroup started coverage on shares of S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target for the company. Oppenheimer cut their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Wells Fargo & Company boosted their price objective on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a report on Wednesday. Stifel Nicolaus raised their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Evercore ISI lifted their price objective on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $586.85.

S&P Global Price Performance

NYSE SPGI opened at $530.93 on Thursday. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $542.00. The stock’s 50-day moving average is $506.13 and its two-hundred day moving average is $506.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $164.75 billion, a P/E ratio of 46.86, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. During the same period last year, the firm earned $3.13 EPS. On average, analysts anticipate that S&P Global Inc. will post 15.34 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be issued a $0.96 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.72%. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio is currently 32.13%.

S&P Global Company Profile

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.