Mediolanum International Funds Ltd Trims Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Mediolanum International Funds Ltd lowered its holdings in S&P Global Inc. (NYSE:SPGI) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,413 shares of the business services provider’s stock after selling 2,553 shares during the period. Mediolanum International Funds Ltd’s holdings in S&P Global were worth $15,109,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Northwest Investment Counselors LLC purchased a new stake in shares of S&P Global during the third quarter worth $27,000. First Personal Financial Services bought a new stake in shares of S&P Global during the 3rd quarter valued at $29,000. Capital Performance Advisors LLP purchased a new stake in S&P Global during the 3rd quarter worth about $31,000. Voisard Asset Management Group Inc. lifted its holdings in 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 worth $32,000 after purchasing an additional 27 shares in the last quarter. Finally, Dunhill Financial LLC boosted its stake in S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after purchasing an additional 34 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Performance

NYSE SPGI opened at $523.34 on Friday. The company has a 50-day simple moving average of $506.04 and a two-hundred day simple moving average of $504.08. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. The firm has a market cap of $162.39 billion, a price-to-earnings ratio of 46.19, a PEG ratio of 2.38 and a beta of 1.20. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global Increases Dividend

The business also recently declared 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 annualized dividend and a yield of 0.73%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

Wall Street Analyst Weigh In

SPGI has been the topic of several analyst reports. Citigroup began coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price target on the stock. BMO Capital Markets upped their target price 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. Robert W. Baird raised their price target on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating 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. Finally, Oppenheimer dropped their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $584.54.

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.