Hartford Investment Management Co. Sells 556 Shares of S&P Global Inc. (NYSE:SPGI)

Hartford Investment Management Co. reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,618 shares of the business services provider’s stock after selling 556 shares during the period. Hartford Investment Management Co.’s holdings in S&P Global were worth $9,770,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SPGI. Trust Point Inc. raised its holdings in S&P Global by 1.4% during the 3rd quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock valued at $725,000 after acquiring an additional 20 shares during the period. Headinvest LLC raised its holdings in S&P Global by 2.0% during the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock valued at $515,000 after acquiring an additional 20 shares during the period. EWA LLC raised its holdings in S&P Global by 4.2% during the 3rd quarter. EWA LLC now owns 498 shares of the business services provider’s stock valued at $254,000 after acquiring an additional 20 shares during the period. Continuum Advisory LLC raised its holdings in S&P Global by 1.3% during the 3rd quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock valued at $788,000 after acquiring an additional 20 shares during the period. Finally, Fullcircle Wealth LLC raised its holdings in S&P Global by 1.2% during the 3rd quarter. Fullcircle Wealth LLC now owns 1,789 shares of the business services provider’s stock valued at $872,000 after acquiring an additional 21 shares during the period. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

Shares of NYSE SPGI opened at $540.80 on Wednesday. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $542.00. The company has a 50 day simple moving average of $505.68 and a two-hundred day simple moving average of $506.00. The company has a market capitalization of $167.81 billion, a price-to-earnings ratio of 47.73, a P/E/G ratio of 2.39 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global (NYSE:SPGI) last announced its 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 25.80% and a return on equity of 13.72%. During the same quarter in the prior year, the business earned $3.13 earnings per share. Analysts expect that S&P Global Inc. will post 15.34 EPS for the current fiscal year.

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 issued a dividend of $0.96 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.71%. S&P Global’s dividend payout ratio is presently 32.13%.

Wall Street Analyst Weigh In

SPGI has been the topic of several research analyst reports. UBS Group upped their price target on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. decreased their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Morgan Stanley upped their price target on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Wells Fargo & Company cut their target price on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Finally, Robert W. Baird upped their target price on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Company 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.