SPC Financial Inc. Sells 153 Shares of S&P Global Inc. (NYSE:SPGI)

SPC Financial Inc. lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 25.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 440 shares of the business services provider’s stock after selling 153 shares during the quarter. SPC Financial Inc.’s holdings in S&P Global were worth $219,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of SPGI. Headinvest LLC lifted its stake in shares of S&P Global by 2.0% in the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after purchasing an additional 20 shares during the period. EWA LLC lifted its stake in shares of S&P Global by 4.2% in the 3rd quarter. EWA LLC now owns 498 shares of the business services provider’s stock worth $254,000 after purchasing an additional 20 shares during the period. Continuum Advisory LLC lifted its stake in shares of S&P Global by 1.3% in the 3rd quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock worth $788,000 after purchasing an additional 20 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of S&P Global by 2.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock worth $515,000 after purchasing an additional 20 shares during the period. Finally, Archer Investment Corp lifted its stake in shares of S&P Global by 21.0% in the 3rd quarter. Archer Investment Corp now owns 127 shares of the business services provider’s stock worth $66,000 after purchasing an additional 22 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 1.3 %

Shares of SPGI opened at $523.27 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The company has a 50 day simple moving average of $514.96 and a two-hundred day simple moving average of $511.46. The firm has a market cap of $161.06 billion, a P/E ratio of 42.37, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS 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 quarter in the prior year, the company posted $3.13 earnings per share. On average, equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio is currently 31.09%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SPGI. Wells Fargo & Company increased their price objective 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. Oppenheimer lowered their price objective 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. BMO Capital Markets increased their price objective 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. UBS Group increased their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Evercore ISI increased their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Three equities 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, S&P Global currently has an average rating of “Moderate Buy” and a consensus target price of $590.23.

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.