S&P Global Inc. (NYSE:SPGI) Stake Trimmed by Forte Capital LLC ADV

Forte Capital LLC ADV lowered its stake in S&P Global Inc. (NYSE:SPGI) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,872 shares of the business services provider’s stock after selling 77 shares during the quarter. Forte Capital LLC ADV’s holdings in S&P Global were worth $932,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SPGI. Wellington Management Group LLP increased its holdings in shares of S&P Global by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after purchasing an additional 292,436 shares during the period. Geode Capital Management LLC grew its stake in shares of S&P Global by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock valued at $3,332,016,000 after buying an additional 113,146 shares in the last quarter. FMR LLC grew its stake in shares of S&P Global by 6.6% in the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after buying an additional 369,598 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of S&P Global by 1.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock valued at $1,401,909,000 after buying an additional 28,458 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of S&P Global by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,936,697 shares of the business services provider’s stock valued at $1,000,536,000 after buying an additional 26,300 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

SPGI has been the subject of several recent research reports. Citigroup began coverage on 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. JPMorgan Chase & Co. decreased their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Oppenheimer decreased their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Evercore ISI upped their target price on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus upped their price target on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $590.23.

S&P Global Price Performance

S&P Global stock opened at $536.21 on Friday. The business’s 50-day simple moving average is $509.53 and its 200 day simple moving average is $508.60. The stock has a market cap of $165.05 billion, a price-to-earnings ratio of 43.42, a P/E/G ratio of 2.44 and a beta of 1.20. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. 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 issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping 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 previous year, the company earned $3.13 EPS. As a group, research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.72%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is 29.47%.

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.