DF Dent & Co. Inc. Lowers Position in S&P Global Inc. (NYSE:SPGI)

DF Dent & Co. Inc. decreased its stake in S&P Global Inc. (NYSE:SPGI) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 351,334 shares of the business services provider’s stock after selling 4,872 shares during the quarter. S&P Global makes up 2.2% of DF Dent & Co. Inc.’s portfolio, making the stock its 15th biggest holding. DF Dent & Co. Inc. owned 0.11% of S&P Global worth $174,975,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Human Investing LLC purchased a new stake in S&P Global in the 4th quarter worth $30,000. Noble Wealth Management PBC bought a new position in shares of S&P Global in the fourth quarter worth about $31,000. Hazlett Burt & Watson Inc. grew its position in shares of 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 purchasing an additional 38 shares in the last quarter. Dunhill Financial LLC grew its position 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. Finally, Sound Income Strategies LLC raised its stake in S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 63 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on SPGI. 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 price objective for the company. Wells Fargo & Company raised their target price on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Citigroup started coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, Evercore ISI boosted 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. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $590.86.

S&P Global Trading Up 0.7 %

SPGI stock opened at $514.56 on Thursday. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The stock has a market capitalization of $161.49 billion, a price-to-earnings ratio of 41.66, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. 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’s fifty day simple moving average is $515.43 and its two-hundred day simple moving average is $509.99.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating 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 posted $3.13 EPS. As a group, 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 declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a dividend of $0.96 per share. 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 dividend yield of 0.75%. The ex-dividend date was Wednesday, February 26th. 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.