Ferguson Wellman Capital Management Inc. Sells 31 Shares of S&P Global Inc. (NYSE:SPGI)

Ferguson Wellman Capital Management Inc. cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,180 shares of the business services provider’s stock after selling 31 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in S&P Global were worth $588,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. Savant Capital LLC lifted its holdings in shares of S&P Global by 19.0% in the fourth quarter. Savant Capital LLC now owns 5,406 shares of the business services provider’s stock valued at $2,692,000 after purchasing an additional 865 shares in the last quarter. Angeles Wealth Management LLC lifted its holdings in shares of S&P Global by 14.5% in the fourth quarter. Angeles Wealth Management LLC now owns 552 shares of the business services provider’s stock valued at $275,000 after purchasing an additional 70 shares in the last quarter. Legacy Financial Strategies LLC lifted its holdings in shares of S&P Global by 0.6% in the fourth quarter. Legacy Financial Strategies LLC now owns 7,314 shares of the business services provider’s stock valued at $3,624,000 after purchasing an additional 42 shares in the last quarter. Kestra Private Wealth Services LLC lifted its holdings in shares of S&P Global by 9.6% in the fourth quarter. Kestra Private Wealth Services LLC now owns 22,215 shares of the business services provider’s stock valued at $11,064,000 after purchasing an additional 1,946 shares in the last quarter. Finally, Stephens Inc. AR lifted its holdings in shares of S&P Global by 4.4% in the fourth quarter. Stephens Inc. AR now owns 10,863 shares of the business services provider’s stock valued at $5,410,000 after purchasing an additional 460 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SPGI. JPMorgan Chase & Co. cut their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Citigroup began coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. Wells Fargo & Company lowered their target price on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. UBS Group lifted their target price on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, BMO Capital Markets boosted their price target on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Stock Down 0.9 %

NYSE SPGI opened at $514.26 on Tuesday. The business has a fifty day moving average price of $505.85 and a two-hundred day moving average price of $505.78. 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 Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The stock has a market capitalization of $159.58 billion, a PE ratio of 45.39, a PEG ratio of 2.39 and a beta of 1.20.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. S&P Global’s dividend payout ratio is 33.89%.

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.