S&P Global Inc. (NYSE:SPGI) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC lessened its position in S&P Global Inc. (NYSE:SPGI) by 0.1% during the fourth quarter, Holdings Channel reports. The fund owned 17,871 shares of the business services provider’s stock after selling 23 shares during the quarter. DAVENPORT & Co LLC’s holdings in S&P Global were worth $8,900,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of SPGI. Northwest Investment Counselors LLC acquired a new position in shares of S&P Global during the third quarter worth approximately $27,000. First Personal Financial Services bought a new stake in S&P Global during the 3rd quarter valued at $29,000. Capital Performance Advisors LLP bought a new stake in S&P Global during the 3rd quarter valued at $31,000. Voisard Asset Management Group Inc. boosted its position 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 worth $32,000 after acquiring an additional 27 shares during the period. Finally, Dunhill Financial LLC increased its holdings 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 valued at $36,000 after purchasing an additional 34 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Down 0.4 %

S&P Global stock opened at $521.44 on Monday. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $161.80 billion, a price-to-earnings ratio of 46.02, a P/E/G ratio of 2.38 and a beta of 1.20. The company has a 50 day moving average price of $506.40 and a 200 day moving average price of $504.59.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a $0.96 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is presently 33.89%.

Wall Street Analyst Weigh In

SPGI has been the subject of several research analyst reports. Morgan Stanley upped their price objective on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. lowered their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. UBS Group upped their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Robert W. Baird boosted their price objective on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus raised their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.