Delta Asset Management LLC TN Has $64.38 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Delta Asset Management LLC TN reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,277 shares of the business services provider’s stock after selling 2,313 shares during the period. S&P Global comprises about 5.8% of Delta Asset Management LLC TN’s investment portfolio, making the stock its 2nd largest holding. Delta Asset Management LLC TN’s holdings in S&P Global were worth $64,384,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Human Investing LLC bought a new stake in S&P Global during the 4th quarter worth about $30,000. Noble Wealth Management PBC bought a new stake in S&P Global during the fourth quarter worth about $31,000. Dunhill Financial LLC boosted its position in S&P Global by 94.4% during the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 34 shares during the last quarter. Sound Income Strategies LLC grew its stake in S&P Global by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 63 shares in the last quarter. Finally, BankPlus Trust Department bought a new stake in shares of S&P Global during the 4th quarter worth approximately $40,000. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SPGI. Citigroup began coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Oppenheimer lowered their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. 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 boosted their price target on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company raised their price objective on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $590.86.

S&P Global Price Performance

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

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same period in the prior year, the business earned $3.13 earnings per share. As a group, sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Wednesday, February 26th. S&P Global’s dividend payout ratio is 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.