Checchi Capital Advisers LLC Sells 151 Shares of S&P Global Inc. (NYSE:SPGI)

Checchi Capital Advisers LLC reduced its position in S&P Global Inc. (NYSE:SPGI) by 4.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,038 shares of the business services provider’s stock after selling 151 shares during the quarter. Checchi Capital Advisers LLC’s holdings in S&P Global were worth $1,513,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. First Personal Financial Services purchased a new position in shares of S&P Global during the third quarter worth about $29,000. Capital Performance Advisors LLP purchased a new position in S&P Global in the 3rd quarter worth approximately $31,000. Human Investing LLC bought a new position in shares of S&P Global in the 4th quarter worth $30,000. Voisard Asset Management Group Inc. raised its position in shares of S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after buying an additional 27 shares in the last quarter. Finally, Dunhill Financial LLC grew its position 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 in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.1 %

S&P Global stock opened at $533.80 on Wednesday. The firm has a market cap of $164.30 billion, a price-to-earnings ratio of 43.22, a PEG ratio of 2.41 and a beta of 1.20. 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 12 month low of $407.69 and a 12 month high of $545.39. The stock has a fifty day simple moving average of $511.35 and a two-hundred day simple moving average of $510.09.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping 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 period in the prior year, the business posted $3.13 earnings per share. Equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SPGI shares. Citigroup assumed coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. StockNews.com downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. UBS Group raised their target price on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Morgan Stanley upped 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. Finally, Evercore ISI boosted their target price on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and an average target price of $590.23.

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.