S&P Global Inc. (NYSE:SPGI) Shares Sold by Empirical Finance LLC

Empirical Finance LLC trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,304 shares of the business services provider’s stock after selling 113 shares during the period. Empirical Finance LLC’s holdings in S&P Global were worth $5,132,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new stake in shares of S&P Global in the 3rd quarter worth about $27,000. First Personal Financial Services acquired a new position in S&P Global during the 3rd quarter valued at about $29,000. Capital Performance Advisors LLP acquired a new position in S&P Global during the 3rd quarter valued at about $31,000. Voisard Asset Management Group Inc. increased its stake in S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after buying an additional 27 shares during the period. Finally, Dunhill Financial LLC increased its stake in S&P Global by 94.4% during the 3rd 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 during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SPGI shares. 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. Oppenheimer lowered their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Morgan Stanley raised their target price on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Wells Fargo & Company reduced their price objective on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Finally, Robert W. Baird raised their price objective on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Stock Performance

Shares of SPGI opened at $519.00 on Friday. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The company has a 50-day moving average of $505.85 and a two-hundred day moving average of $505.54. The stock has a market cap of $161.05 billion, a price-to-earnings ratio of 45.81, a PEG ratio of 2.39 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

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.