Orion Portfolio Solutions LLC Sells 1,006 Shares of S&P Global Inc. (NYSE:SPGI)

Orion Portfolio Solutions LLC lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,690 shares of the business services provider’s stock after selling 1,006 shares during the period. Orion Portfolio Solutions LLC’s holdings in S&P Global were worth $19,767,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Human Investing LLC purchased a new position in shares of S&P Global in the 4th quarter valued at $30,000. Noble Wealth Management PBC bought a new position in shares of S&P Global in the fourth quarter worth $31,000. Dunhill Financial LLC increased its position in shares of S&P Global by 94.4% in the third 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. Sound Income Strategies LLC raised 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 in the last quarter. Finally, BankPlus Trust Department bought a new position in S&P Global in the fourth quarter worth $40,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Up 0.2 %

Shares of SPGI opened at $508.95 on Friday. The stock has a market capitalization of $156.66 billion, a PE ratio of 41.21, a P/E/G 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’s 50 day moving average is $515.19 and its 200-day moving average is $510.30.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping 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 quarter in the prior year, the business earned $3.13 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is presently 31.09%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SPGI. Morgan Stanley increased their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Evercore ISI increased their target price on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Mizuho began coverage on shares of S&P Global in a report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price for the company. Wells Fargo & Company upped their price objective on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Finally, Oppenheimer cut their price objective on shares of 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. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently 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.