Sepio Capital LP Sells 65 Shares of S&P Global Inc. (NYSE:SPGI)

Sepio Capital LP decreased its stake in S&P Global Inc. (NYSE:SPGI) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,554 shares of the business services provider’s stock after selling 65 shares during the period. Sepio Capital LP’s holdings in S&P Global were worth $774,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Howard Capital Management Group LLC raised its stake in S&P Global by 3.2% in the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock valued at $471,000 after acquiring an additional 28 shares during the period. Centiva Capital LP bought a new stake in shares of S&P Global in the third quarter valued at approximately $478,000. Quarry LP purchased a new stake in shares of S&P Global during the 3rd quarter valued at approximately $55,000. Kovitz Investment Group Partners LLC boosted its holdings in S&P Global by 24.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 15,689 shares of the business services provider’s stock worth $8,105,000 after buying an additional 3,073 shares during the period. Finally, Zacks Investment Management purchased a new position in S&P Global in the 3rd quarter valued at approximately $269,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Price Performance

Shares of S&P Global stock opened at $451.47 on Monday. The stock has a market capitalization of $141.69 billion, a P/E ratio of 36.56, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a one year low of $405.23 and a one year high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The business’s 50 day simple moving average is $513.70 and its two-hundred day simple moving average is $509.15.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 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 last year, the company posted $3.13 earnings per share. Analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a $0.96 dividend. 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 0.85%. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is currently 31.09%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several recent analyst reports. Mizuho began coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price objective for the company. Wells Fargo & Company upped 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. Evercore ISI lifted their price objective on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Morgan Stanley upped their target price on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Finally, Oppenheimer dropped their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $590.86.

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.