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

Pinion Investment Advisors LLC trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 943 shares of the business services provider’s stock after selling 24 shares during the period. Pinion Investment Advisors LLC’s holdings in S&P Global were worth $470,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SPGI. Nordea Investment Management AB increased its stake in S&P Global by 52.0% during the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after purchasing an additional 225,370 shares during the last quarter. GDS Wealth Management raised its holdings in shares of S&P Global by 7.0% during the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after buying an additional 1,801 shares during the last quarter. Sanctuary Advisors LLC boosted its position in shares of S&P Global by 12.6% during the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock worth $14,198,000 after buying an additional 3,093 shares during the period. Eastern Bank grew its holdings in S&P Global by 3.1% in the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock worth $24,980,000 after buying an additional 1,530 shares in the last quarter. Finally, Oddo BHF Asset Management Sas bought a new position in S&P Global in the 3rd quarter worth approximately $27,170,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Down 0.9 %

SPGI stock opened at $528.98 on Tuesday. The company has a 50 day moving average of $514.36 and a two-hundred day moving average of $511.20. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. 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 $162.82 billion, a price-to-earnings ratio of 42.83, a PEG ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (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 previous year, the business earned $3.13 earnings per share. On average, equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.73%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is currently 31.09%.

Analyst Ratings Changes

A number of research analysts have issued reports on SPGI shares. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Evercore ISI upped their price objective 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. Morgan Stanley raised their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Wells Fargo & Company upped their price target 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. 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 equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $590.23.

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.