S&P Global Inc. (NYSE:SPGI) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P trimmed its stake in shares of S&P Global Inc. (NYSE:SPGI) by 5.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 912,784 shares of the business services provider’s stock after selling 57,724 shares during the quarter. Loomis Sayles & Co. L P’s holdings in S&P Global were worth $454,594,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in SPGI. Human Investing LLC bought a new stake in S&P Global in the 4th quarter valued at about $30,000. Noble Wealth Management PBC bought a new stake in shares of S&P Global during the fourth quarter valued at approximately $31,000. Dunhill Financial LLC raised 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 buying an additional 34 shares during the last quarter. Sound Income Strategies LLC boosted its position in shares of S&P Global by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after buying an additional 63 shares during the period. Finally, BankPlus Trust Department acquired a new stake in S&P Global in the 4th quarter valued at approximately $40,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SPGI shares. BMO Capital Markets boosted their price target on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Evercore ISI increased their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Mizuho initiated coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price on the stock. 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 price target for the company. Finally, 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. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $590.86.

S&P Global Trading Down 1.0 %

Shares of NYSE SPGI opened at $507.99 on Thursday. 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 Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The company has a market cap of $156.36 billion, a price-to-earnings ratio of 41.13, a P/E/G ratio of 2.41 and a beta of 1.20. The business has a fifty day simple moving average of $515.11 and a 200-day simple moving average of $510.31.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data 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 net margin of 27.12% and a return on equity of 14.33%. During the same quarter last year, the firm earned $3.13 earnings per share. 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 was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.76%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. S&P Global’s payout ratio is presently 31.09%.

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.