S&P Global Inc. (NYSE:SPGI) Stock Position Decreased by BLB&B Advisors LLC

BLB&B Advisors LLC lowered its holdings in S&P Global Inc. (NYSE:SPGI) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,137 shares of the business services provider’s stock after selling 1,446 shares during the period. BLB&B Advisors LLC’s holdings in S&P Global were worth $11,025,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Northwest Investment Counselors LLC bought a new position in S&P Global during the 3rd quarter worth $27,000. First Personal Financial Services bought a new position in shares of S&P Global during the third quarter worth about $29,000. Capital Performance Advisors LLP acquired a new stake in shares of S&P Global in the 3rd quarter worth about $31,000. Voisard Asset Management Group Inc. lifted its position in S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC grew its position in S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after purchasing an additional 34 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Performance

SPGI opened at $519.00 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm has a market cap of $161.05 billion, a PE ratio of 45.81, a P/E/G ratio of 2.40 and a beta of 1.20. The business has a fifty day simple moving average of $505.92 and a 200-day simple moving average of $505.32. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a $0.96 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global’s dividend payout ratio (DPR) is 32.13%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SPGI. Oppenheimer reduced 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. BMO Capital Markets increased their target price on shares of S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. Citigroup started coverage on shares of S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. UBS Group upped their price target on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company lowered their price objective on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus target price of $584.54.

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.