S&P Global Inc. (NYSE:SPGI) Stock Position Lowered by Cynosure Group LLC

Cynosure Group LLC decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 11.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,421 shares of the business services provider’s stock after selling 177 shares during the quarter. Cynosure Group LLC’s holdings in S&P Global were worth $708,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Human Investing LLC purchased a new position in shares of S&P Global during the 4th quarter valued at $30,000. Noble Wealth Management PBC bought a new stake in S&P Global in the fourth quarter worth $31,000. Hazlett Burt & Watson Inc. increased its position in S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock worth $32,000 after buying an additional 38 shares during the last quarter. Dunhill Financial LLC raised 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 in the last quarter. Finally, Sound Income Strategies LLC lifted its position in shares of S&P Global by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after buying an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.5 %

Shares of SPGI opened at $510.66 on Wednesday. The stock has a 50 day simple moving average of $515.35 and a 200-day simple moving average of $509.96. 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 stock has a market cap of $160.26 billion, a PE ratio of 41.35, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39.

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 (EPS) for the quarter, topping 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 quarter last year, the company earned $3.13 earnings per share. On average, sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This is a positive change 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 0.75%. S&P Global’s payout ratio is 31.09%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Oppenheimer decreased their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. BMO Capital Markets raised their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Citigroup began coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Finally, Mizuho started coverage on shares of S&P Global in a research report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price target on the stock. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.