Mitchell Capital Management Co. Sells 148 Shares of S&P Global Inc. (NYSE:SPGI)

Mitchell Capital Management Co. reduced its holdings in S&P Global Inc. (NYSE:SPGI) by 25.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 434 shares of the business services provider’s stock after selling 148 shares during the period. Mitchell Capital Management Co.’s holdings in S&P Global were worth $216,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC boosted its holdings in S&P Global by 71,024.1% during the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock valued at $308,525,000 after acquiring an additional 618,620 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in S&P Global during the third quarter valued at approximately $224,976,000. FMR LLC raised its position in shares of S&P Global by 6.6% in the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after acquiring an additional 369,598 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of S&P Global during the fourth quarter valued at about $144,091,000. Finally, Wellington Management Group LLP lifted its position in S&P Global by 3.4% during the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after acquiring an additional 292,436 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on SPGI shares. BMO Capital Markets lifted their target price on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Wells Fargo & Company increased their target price on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Morgan Stanley upped their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Evercore ISI lifted their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Finally, UBS Group increased their price target on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $590.23.

S&P Global Price Performance

Shares of NYSE SPGI opened at $534.09 on Friday. The stock has a fifty day moving average price of $513.75 and a 200 day moving average price of $510.82. S&P Global Inc. has a 1-year low of $407.69 and a 1-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 company has a market cap of $164.39 billion, a PE ratio of 43.25, a P/E/G ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the firm earned $3.13 EPS. Sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business 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. The ex-dividend date is Wednesday, February 26th. This is a boost 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 0.72%. S&P Global’s dividend payout ratio (DPR) is 31.09%.

S&P Global 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.