S&P Global Inc. (NYSE:SPGI) Shares Sold by Laurus Investment Counsel Inc.

Laurus Investment Counsel Inc. cut its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,795 shares of the business services provider’s stock after selling 85 shares during the quarter. S&P Global accounts for about 8.9% of Laurus Investment Counsel Inc.’s investment portfolio, making the stock its 2nd largest holding. Laurus Investment Counsel Inc.’s holdings in S&P Global were worth $17,329,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of SPGI. Concord Wealth Partners increased its holdings in shares of S&P Global by 15.6% during the fourth quarter. Concord Wealth Partners now owns 883 shares of the business services provider’s stock valued at $440,000 after purchasing an additional 119 shares during the period. Concord Asset Management LLC VA increased its stake in S&P Global by 17.5% during the 4th quarter. Concord Asset Management LLC VA now owns 679 shares of the business services provider’s stock valued at $338,000 after buying an additional 101 shares during the period. Chicago Partners Investment Group LLC increased its stake in S&P Global by 6.7% during the 4th quarter. Chicago Partners Investment Group LLC now owns 1,435 shares of the business services provider’s stock valued at $712,000 after buying an additional 90 shares during the period. Waldron Private Wealth LLC raised its position in shares of S&P Global by 4.6% during the 4th quarter. Waldron Private Wealth LLC now owns 1,978 shares of the business services provider’s stock worth $985,000 after buying an additional 87 shares in the last quarter. Finally, Everett Harris & Co. CA lifted its stake in shares of S&P Global by 3.9% in the 4th quarter. Everett Harris & Co. CA now owns 1,397 shares of the business services provider’s stock worth $696,000 after acquiring an additional 52 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SPGI shares. Wells Fargo & Company decreased their price target on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. BMO Capital Markets lifted their target price on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. Stifel Nicolaus upped their price target on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. UBS Group lifted their price objective on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Morgan Stanley increased their target price on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Stock Performance

Shares of S&P Global stock opened at $521.44 on Friday. The firm has a fifty day moving average of $506.40 and a two-hundred day moving average of $504.48. The stock has a market capitalization of $161.80 billion, a price-to-earnings ratio of 46.02, a PEG ratio of 2.38 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 52 week low of $407.69 and a 52 week high of $533.29.

S&P Global Increases Dividend

The firm also recently declared 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 represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. This is a positive change 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 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.