Segall Bryant & Hamill LLC Has $19.97 Million Position in S&P Global Inc. (NYSE:SPGI)

Segall Bryant & Hamill LLC trimmed its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.7% in the fourth quarter, HoldingsChannel reports. The firm owned 40,096 shares of the business services provider’s stock after selling 1,117 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in S&P Global were worth $19,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP boosted its holdings in shares of S&P Global by 3.4% during 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 buying an additional 292,436 shares during the period. Geode Capital Management LLC increased its holdings in shares of S&P Global by 1.8% during the third quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock worth $3,332,016,000 after purchasing an additional 113,146 shares during the period. FMR LLC raised its position in shares of S&P Global by 6.6% in the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after buying an additional 369,598 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of S&P Global by 1.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock valued at $1,401,909,000 after buying an additional 28,458 shares during the period. Finally, Amundi grew its position in S&P Global by 6.6% during the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider’s stock worth $1,162,979,000 after buying an additional 145,434 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SPGI shares. Citigroup assumed coverage on 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 dropped their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Mizuho started coverage on shares of S&P Global in a research report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price target on the stock. BMO Capital Markets boosted their target price on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $590.86.

S&P Global Stock Performance

Shares of S&P Global stock opened at $513.83 on Wednesday. The business has a 50-day moving average price of $514.89 and a two-hundred day moving average price of $510.33. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The company has a market cap of $158.16 billion, a P/E ratio of 41.61, a PEG ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the previous year, the company earned $3.13 earnings per share. As a group, analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is currently 31.09%.

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.