S&P Global Inc. (NYSE:SPGI) Shares Sold by Kendall Capital Management

Kendall Capital Management cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,344 shares of the business services provider’s stock after selling 56 shares during the period. Kendall Capital Management’s holdings in S&P Global were worth $669,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. First Personal Financial Services purchased a new stake in shares of S&P Global during the third quarter valued at $29,000. Human Investing LLC purchased a new stake in shares of S&P Global during the 4th quarter worth about $30,000. Capital Performance Advisors LLP purchased a new stake in shares of S&P Global during the 3rd quarter worth about $31,000. Noble Wealth Management PBC purchased a new stake in shares of S&P Global during the 4th quarter worth about $31,000. Finally, Dunhill Financial LLC boosted its stake in shares of S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after acquiring an additional 34 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SPGI. BMO Capital Markets increased their target price on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. UBS Group upped their price target on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Citigroup assumed coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price target for the company. Morgan Stanley upped their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Finally, Oppenheimer reduced their price target 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. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $590.23.

S&P Global Stock Down 3.3 %

SPGI stock opened at $497.35 on Monday. The company has a market cap of $153.08 billion, a price-to-earnings ratio of 40.27, a PEG ratio of 2.41 and a beta of 1.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The firm has a 50-day moving average of $515.06 and a two-hundred day moving average of $511.68.

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 (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the company posted $3.13 earnings per share. As a group, analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal 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 of this dividend is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.77%. 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 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.