State of Alaska Department of Revenue Sells 1,000 Shares of S&P Global Inc. (NYSE:SPGI)

State of Alaska Department of Revenue lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,201 shares of the business services provider’s stock after selling 1,000 shares during the quarter. State of Alaska Department of Revenue’s holdings in S&P Global were worth $18,029,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Czech National Bank grew its position in S&P Global by 6.9% in the third quarter. Czech National Bank now owns 65,228 shares of the business services provider’s stock worth $33,698,000 after acquiring an additional 4,229 shares in the last quarter. Diversified Trust Co boosted its holdings in shares of S&P Global by 41.1% in the 3rd quarter. Diversified Trust Co now owns 1,689 shares of the business services provider’s stock worth $873,000 after purchasing an additional 492 shares during the period. Versant Capital Management Inc boosted its holdings in shares of S&P Global by 7.0% in the 3rd quarter. Versant Capital Management Inc now owns 350 shares of the business services provider’s stock worth $181,000 after purchasing an additional 23 shares during the period. Dynamic Advisor Solutions LLC increased its position in shares of S&P Global by 19.1% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 8,224 shares of the business services provider’s stock valued at $4,249,000 after purchasing an additional 1,317 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its holdings in S&P Global by 13.6% during the 3rd quarter. Atomi Financial Group Inc. now owns 1,195 shares of the business services provider’s stock valued at $617,000 after buying an additional 143 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on SPGI. UBS Group lifted their price objective on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. BMO Capital Markets lifted their price target on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Citigroup began 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 objective on the stock. JPMorgan Chase & Co. dropped their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Morgan Stanley increased their price target on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Trading Down 0.0 %

SPGI opened at $513.65 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock’s fifty day moving average is $506.19 and its two-hundred day moving average is $505.17. The company has a market capitalization of $159.39 billion, a P/E ratio of 45.34, a PEG ratio of 2.40 and a beta of 1.20. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

S&P Global 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.