S&P Global Inc. (NYSE:SPGI) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC cut its stake in S&P Global Inc. (NYSE:SPGI) by 14.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,119 shares of the business services provider’s stock after selling 345 shares during the period. Sentry Investment Management LLC’s holdings in S&P Global were worth $1,055,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SPGI. Swedbank AB increased its stake in S&P Global by 11.8% during the third quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock worth $450,280,000 after acquiring an additional 92,115 shares during the last quarter. Howard Capital Management Group LLC increased its position in S&P Global by 3.2% during the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock worth $471,000 after purchasing an additional 28 shares in the last quarter. Private Advisor Group LLC raised its holdings in S&P Global by 7.4% in the third quarter. Private Advisor Group LLC now owns 8,429 shares of the business services provider’s stock valued at $4,354,000 after buying an additional 579 shares during the period. Arkadios Wealth Advisors lifted its position in S&P Global by 21.2% during the third quarter. Arkadios Wealth Advisors now owns 2,095 shares of the business services provider’s stock valued at $1,082,000 after buying an additional 367 shares in the last quarter. Finally, Boston Trust Walden Corp grew its stake in S&P Global by 1.2% during the third quarter. Boston Trust Walden Corp now owns 3,589 shares of the business services provider’s stock worth $1,854,000 after buying an additional 41 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Down 0.0 %

Shares of NYSE:SPGI opened at $533.17 on Tuesday. The firm has a market cap of $164.11 billion, a PE ratio of 43.17, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a fifty day simple moving average of $510.68 and a 200 day simple moving average of $509.77. The company has a current ratio of 0.85, a quick 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.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping the consensus estimate 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 period in the prior year, the company posted $3.13 earnings per share. On average, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS 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. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is currently 31.09%.

Analysts Set New Price Targets

A number of brokerages have recently commented on SPGI. 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 on the stock. Morgan Stanley boosted their price objective on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Stifel Nicolaus boosted their price target on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Wells Fargo & Company increased their price objective on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently 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.