Private Wealth Partners LLC Lowers Stock Position in S&P Global Inc. (NYSE:SPGI)

Private Wealth Partners LLC trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,548 shares of the business services provider’s stock after selling 45 shares during the quarter. Private Wealth Partners LLC’s holdings in S&P Global were worth $4,257,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in shares of S&P Global in the 3rd quarter valued at about $27,000. First Personal Financial Services acquired a new stake in S&P Global in the third quarter valued at approximately $29,000. Capital Performance Advisors LLP purchased a new position in S&P Global in the third quarter worth $31,000. Human Investing LLC acquired a new position in shares of S&P Global during the fourth quarter worth $30,000. Finally, Voisard Asset Management Group Inc. lifted its holdings in shares of 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 purchasing an additional 27 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.2 %

Shares of SPGI opened at $542.61 on Thursday. The company has a market capitalization of $167.02 billion, a price-to-earnings ratio of 43.94, a PEG ratio of 2.42 and a beta of 1.20. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The stock’s 50-day moving average price is $509.06 and its 200-day moving average price is $508.41. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping the consensus estimate 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 last year, the firm posted $3.13 EPS. On average, sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given 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 0.71%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is 31.09%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SPGI shares. Evercore ISI boosted their target price on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. UBS Group upped their price objective on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday. Citigroup assumed coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. Robert W. Baird upped their price target on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus lifted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and an average target price of $590.23.

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.