S&P Global Inc. (NYSE:SPGI) Stake Reduced by First Horizon Advisors Inc.

First Horizon Advisors Inc. decreased 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 filing with the Securities and Exchange Commission. The institutional investor owned 19,142 shares of the business services provider’s stock after selling 78 shares during the period. First Horizon Advisors Inc.’s holdings in S&P Global were worth $9,534,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Pinnacle Financial Partners Inc boosted its holdings in S&P Global by 1.1% during the fourth quarter. Pinnacle Financial Partners Inc now owns 48,251 shares of the business services provider’s stock worth $24,040,000 after buying an additional 546 shares in the last quarter. Sigma Planning Corp lifted its position in shares of S&P Global by 12.6% during the 4th quarter. Sigma Planning Corp now owns 1,428 shares of the business services provider’s stock valued at $711,000 after acquiring an additional 160 shares during the last quarter. Blackston Financial Advisory Group LLC boosted its stake in shares of S&P Global by 7.6% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 921 shares of the business services provider’s stock worth $459,000 after acquiring an additional 65 shares in the last quarter. Bradley Foster & Sargent Inc. CT grew its holdings in shares of S&P Global by 1.8% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 86,946 shares of the business services provider’s stock worth $43,302,000 after acquiring an additional 1,503 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC acquired a new stake in shares of S&P Global during the fourth quarter worth $149,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of recent analyst reports. BMO Capital Markets increased their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Oppenheimer decreased their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday. Stifel Nicolaus raised their price objective on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Citigroup began coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective on the stock. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $590.23.

S&P Global Price Performance

SPGI opened at $533.05 on Friday. The stock has a fifty day moving average price of $510.08 and a 200 day moving average price of $509.23. 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 Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The stock has a market cap of $164.07 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 2.41 and a beta of 1.20.

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 (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter last year, the business posted $3.13 earnings per share. Analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.72%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. S&P Global’s payout ratio is currently 29.47%.

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.