Gilbert & Cook Inc. Sells 23 Shares of S&P Global Inc. (NYSE:SPGI)

Gilbert & Cook Inc. lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 965 shares of the business services provider’s stock after selling 23 shares during the quarter. Gilbert & Cook Inc.’s holdings in S&P Global were worth $481,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Nordea Investment Management AB lifted its stake in shares of S&P Global by 52.0% in the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after purchasing an additional 225,370 shares during the last quarter. GDS Wealth Management boosted its stake in S&P Global by 7.0% during the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock worth $14,134,000 after buying an additional 1,801 shares during the period. Sanctuary Advisors LLC increased its position in S&P Global by 12.6% during the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after acquiring an additional 3,093 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new stake in shares of S&P Global in the third quarter valued at $27,170,000. Finally, Eastern Bank lifted its holdings in shares of S&P Global by 3.1% in the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock worth $24,980,000 after acquiring an additional 1,530 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI stock traded up $8.16 during trading on Thursday, reaching $525.38. 34,685 shares of the company were exchanged, compared to its average volume of 1,202,481. The stock’s 50 day moving average price is $506.04 and its 200 day moving average price is $504.08. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $163.03 billion, a P/E ratio of 46.45, a PEG ratio of 2.36 and a beta of 1.20.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is 32.13%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Morgan Stanley upped their price target on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Evercore ISI initiated coverage on S&P Global in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target for the company. Wells Fargo & Company cut their price objective on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. UBS Group lifted their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, BMO Capital Markets upped their price target on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and a consensus target price of $584.54.

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.