S&P Global Inc. (NYSE:SPGI) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 111,242 shares of the business services provider’s stock after selling 437 shares during the quarter. D.A. Davidson & CO.’s holdings in S&P Global were worth $55,402,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Headinvest LLC lifted its holdings in S&P Global by 2.0% in the third 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 boosted its holdings in S&P Global by 4.2% during the third quarter. EWA LLC now owns 498 shares of the business services provider’s stock worth $254,000 after buying an additional 20 shares in the last quarter. Continuum Advisory LLC grew its position in S&P Global by 1.3% during the third quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock valued at $788,000 after buying an additional 20 shares during the period. Fullcircle Wealth LLC increased its holdings in S&P Global by 1.2% in the third quarter. Fullcircle Wealth LLC now owns 1,789 shares of the business services provider’s stock valued at $872,000 after buying an additional 21 shares in the last quarter. Finally, Symphony Financial Ltd. Co. increased its holdings in S&P Global by 3.2% in the third quarter. Symphony Financial Ltd. Co. now owns 705 shares of the business services provider’s stock valued at $361,000 after buying an additional 22 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SPGI has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their target price 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. BMO Capital Markets raised their price objective on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Oppenheimer cut their price objective on 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. StockNews.com upgraded S&P Global from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus boosted their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $587.92.

S&P Global Stock Performance

Shares of S&P Global stock opened at $539.77 on Tuesday. The business’s 50 day moving average price is $507.39 and its 200 day moving average price is $507.42. The company has a market cap of $167.49 billion, a price-to-earnings ratio of 47.64, a PEG 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 Inc. has a one year low of $407.69 and a one year high of $545.39.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating the consensus estimate 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 previous year, the business posted $3.13 EPS. On average, research analysts predict that S&P Global Inc. will post 15.34 EPS for the current 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. 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%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is currently 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.