MRP Capital Investments LLC Decreases Stake in S&P Global Inc. (NYSE:SPGI)

MRP Capital Investments LLC lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,653 shares of the business services provider’s stock after selling 23 shares during the quarter. MRP Capital Investments LLC’s holdings in S&P Global were worth $823,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Wayfinding Financial LLC purchased a new stake in shares of S&P Global during the 4th quarter worth about $300,000. Adams Diversified Equity Fund Inc. grew its holdings in shares of S&P Global by 32.0% during the 4th quarter. Adams Diversified Equity Fund Inc. now owns 45,800 shares of the business services provider’s stock worth $22,810,000 after purchasing an additional 11,100 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of S&P Global by 5.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 24,788 shares of the business services provider’s stock worth $12,345,000 after purchasing an additional 1,174 shares during the period. HUB Investment Partners LLC boosted its holdings in S&P Global by 14.7% in the 4th quarter. HUB Investment Partners LLC now owns 1,266 shares of the business services provider’s stock worth $631,000 after acquiring an additional 162 shares during the period. Finally, Whittier Trust Co. boosted its holdings in S&P Global by 2.2% in the 4th quarter. Whittier Trust Co. now owns 63,038 shares of the business services provider’s stock worth $31,394,000 after acquiring an additional 1,347 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of analyst reports. Oppenheimer decreased their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Wells Fargo & Company upped their price target on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Mizuho began coverage on S&P Global in a report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price target for the company. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, Evercore ISI upped their target price on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $590.86.

S&P Global Trading Up 0.4 %

Shares of SPGI stock opened at $497.20 on Friday. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The stock has a market capitalization of $153.04 billion, a P/E ratio of 40.26, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a 50-day simple moving average of $513.56 and a 200 day simple moving average of $510.53.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating 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 quarter in the prior year, the business earned $3.13 earnings per share. On average, sell-side 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a $0.96 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global’s dividend payout ratio is currently 31.09%.

S&P Global Company 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.