S&P Global Inc. (NYSE:SPGI) Shares Sold by Marietta Investment Partners LLC

Marietta Investment Partners LLC decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 44.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 524 shares of the business services provider’s stock after selling 411 shares during the quarter. Marietta Investment Partners LLC’s holdings in S&P Global were worth $261,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. Human Investing LLC acquired a new position in S&P Global in the fourth quarter valued at $30,000. Noble Wealth Management PBC acquired a new position in shares of S&P Global during the fourth quarter worth about $31,000. Dunhill Financial LLC lifted its stake in shares of S&P Global by 94.4% during the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after purchasing an additional 34 shares in the last quarter. Sound Income Strategies LLC lifted its stake in shares of 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 worth $36,000 after purchasing an additional 63 shares in the last quarter. Finally, BankPlus Trust Department acquired a new position in shares of S&P Global during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 0.1 %

Shares of S&P Global stock opened at $497.62 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm has a market cap of $153.17 billion, a P/E ratio of 40.29, a P/E/G ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The business has a 50-day moving average price of $513.85 and a 200 day moving average price of $510.42.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data 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 return on equity of 14.33% and a net margin of 27.12%. During the same period last year, the company earned $3.13 earnings per share. On average, sell-side 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 business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a $0.96 dividend. 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%. The ex-dividend date was Wednesday, February 26th. S&P Global’s payout ratio is presently 31.09%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SPGI. Wells Fargo & Company boosted their price objective on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Mizuho initiated coverage on S&P Global in a research note on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price objective on the stock. Oppenheimer dropped their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Finally, Citigroup initiated coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Three 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $590.86.

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.