Sawgrass Asset Management LLC Sells 1,139 Shares of S&P Global Inc. (NYSE:SPGI)

Sawgrass Asset Management LLC lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,395 shares of the business services provider’s stock after selling 1,139 shares during the quarter. Sawgrass Asset Management LLC’s holdings in S&P Global were worth $9,659,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of SPGI. International Assets Investment Management LLC lifted its holdings in shares of S&P Global by 174,815.4% in 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 last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of S&P Global in the 3rd quarter worth about $224,976,000. FMR LLC lifted its holdings in shares of S&P Global by 6.6% in 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 last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of S&P Global in the 4th quarter worth about $144,091,000. Finally, Wellington Management Group LLP lifted its holdings 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 acquiring an additional 292,436 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on SPGI shares. Robert W. Baird raised their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. cut their target price on shares of 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. Stifel Nicolaus raised their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Oppenheimer lowered their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Finally, Citigroup initiated coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target of $586.85.

S&P Global Trading Down 1.8 %

Shares of SPGI stock opened at $530.93 on Thursday. The company’s 50-day moving average price is $506.13 and its 200-day moving average price is $506.36. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a market cap of $164.75 billion, a price-to-earnings ratio of 46.86, a PEG ratio of 2.39 and a beta of 1.20. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $542.00.

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. As a group, equities analysts predict that S&P Global Inc. will post 15.34 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.72%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is currently 32.13%.

About S&P Global

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.