S&P Global Inc. (NYSE:SPGI) Shares Sold by Candriam S.C.A.

Candriam S.C.A. cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 124,236 shares of the business services provider’s stock after selling 885 shares during the period. Candriam S.C.A.’s holdings in S&P Global were worth $61,873,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SPGI. First Personal Financial Services acquired a new stake in shares of S&P Global during the 3rd quarter valued at about $29,000. Human Investing LLC acquired a new stake in shares of S&P Global during the 4th quarter valued at about $30,000. Capital Performance Advisors LLP acquired a new stake in shares of S&P Global during the 3rd quarter valued at about $31,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global during the 4th quarter valued at about $31,000. Finally, Dunhill Financial LLC lifted 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 valued at $36,000 after buying an additional 34 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Evercore ISI raised their price target on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Oppenheimer decreased 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 research note on Friday, January 3rd. StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, UBS Group raised their price target on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Three 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.com, S&P Global currently has a consensus rating of “Moderate Buy” and an average price target of $590.23.

S&P Global Stock Up 1.3 %

S&P Global stock opened at $523.27 on Thursday. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a 50 day moving average price of $514.96 and a 200 day moving average price of $511.46. The company has a market capitalization of $161.06 billion, a PE ratio of 42.37, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its 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 27.12% and a return on equity of 14.33%. During the same period in the prior year, the firm posted $3.13 earnings per share. Research analysts expect that S&P Global Inc. will post 17.11 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. Shareholders of record on Wednesday, February 26th will be paid a $0.96 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.73%. S&P Global’s payout ratio is 31.09%.

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.