IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 733 Shares of S&P Global Inc. (NYSE:SPGI)

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its stake in S&P Global Inc. (NYSE:SPGI) by 13.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,797 shares of the business services provider’s stock after selling 733 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in S&P Global were worth $2,389,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Howard Capital Management Group LLC grew its position in shares of S&P Global by 3.2% in the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock worth $471,000 after buying an additional 28 shares during the period. Great Valley Advisor Group Inc. lifted its position in S&P Global by 11.7% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 591 shares of the business services provider’s stock valued at $305,000 after acquiring an additional 62 shares in the last quarter. Penserra Capital Management LLC boosted its stake in S&P Global by 114.0% during the 3rd quarter. Penserra Capital Management LLC now owns 3,240 shares of the business services provider’s stock valued at $1,672,000 after purchasing an additional 1,726 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of S&P Global by 471.1% in the third quarter. Larson Financial Group LLC now owns 217 shares of the business services provider’s stock worth $112,000 after acquiring an additional 179 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in shares of S&P Global by 8.2% during the 3rd quarter. Fisher Asset Management LLC now owns 6,519 shares of the business services provider’s stock valued at $3,368,000 after buying an additional 492 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

SPGI has been the subject of several research analyst reports. 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. StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Mizuho started coverage on shares of S&P Global in a research note on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price objective on the stock. Morgan Stanley boosted their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Finally, BMO Capital Markets increased their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and an average price target of $590.86.

S&P Global Price Performance

Shares of S&P Global stock opened at $507.99 on Thursday. The company has a market capitalization of $156.36 billion, a price-to-earnings ratio of 41.13, a PEG ratio of 2.41 and a beta of 1.20. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock’s 50-day simple moving average is $515.11 and its 200-day simple moving average is $510.31. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results 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 14.33% and a net margin of 27.12%. During the same period in the previous year, the firm posted $3.13 EPS. As a group, analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.96 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global’s payout ratio is currently 31.09%.

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.