Lederer & Associates Investment Counsel CA Trims Holdings in S&P Global Inc. (NYSE:SPGI)

Lederer & Associates Investment Counsel CA lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,171 shares of the business services provider’s stock after selling 133 shares during the period. S&P Global comprises approximately 1.4% of Lederer & Associates Investment Counsel CA’s holdings, making the stock its 14th largest holding. Lederer & Associates Investment Counsel CA’s holdings in S&P Global were worth $2,077,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. International Assets Investment Management LLC grew its holdings in shares of S&P Global by 174,815.4% during the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after acquiring an additional 466,757 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of S&P Global during the 3rd quarter worth approximately $224,976,000. FMR LLC grew its holdings in shares of S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after acquiring an additional 369,598 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of S&P Global during the 4th quarter worth approximately $144,091,000. Finally, Wellington Management Group LLP boosted its position in shares of S&P Global by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after purchasing an additional 292,436 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on SPGI. Oppenheimer lowered their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Robert W. Baird upped their price objective on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. UBS Group upped their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lowered their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, Morgan Stanley upped their price objective on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Stock Down 0.4 %

Shares of NYSE SPGI opened at $521.44 on Monday. The company has a market cap of $161.80 billion, a P/E ratio of 46.02, a PEG ratio of 2.40 and a beta of 1.20. The firm has a 50-day simple moving average of $506.40 and a two-hundred day simple moving average of $504.59. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. The ex-dividend date is Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global’s dividend payout ratio (DPR) is 32.13%.

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.