Creative Financial Designs Inc. ADV Trims Stock Position in S&P Global Inc. (NYSE:SPGI)

Creative Financial Designs Inc. ADV cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 49.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 71 shares of the business services provider’s stock after selling 70 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in S&P Global were worth $35,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Human Investing LLC purchased a new position in shares of S&P Global during the fourth quarter worth approximately $30,000. Noble Wealth Management PBC purchased a new position in S&P Global during the fourth quarter valued at approximately $31,000. Dunhill Financial LLC increased its holdings in S&P Global by 94.4% during the third 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 during the period. Sound Income Strategies LLC increased its holdings in S&P Global by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after buying an additional 63 shares during the period. Finally, BankPlus Trust Department purchased a new position in S&P Global during the fourth quarter valued at approximately $40,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Trading Up 0.1 %

NYSE:SPGI opened at $497.62 on Friday. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The firm has a fifty day simple moving average of $513.85 and a 200-day simple moving average of $510.42. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $153.17 billion, a P/E ratio of 40.29, a PEG 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 (EPS) for the quarter, beating 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 firm earned $3.13 earnings per share. On average, equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.96 per share. The ex-dividend date was Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 0.77%. S&P Global’s payout ratio is currently 31.09%.

Analyst Ratings Changes

SPGI has been the topic of several research reports. Citigroup initiated coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective on the stock. Evercore ISI lifted their price objective on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. UBS Group lifted their price objective on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Wells Fargo & Company lifted their price target on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, BMO Capital Markets lifted their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $590.86.

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.