Parallel Advisors LLC Decreases Stock Position in S&P Global Inc. (NYSE:SPGI)

Parallel Advisors LLC decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,531 shares of the business services provider’s stock after selling 134 shares during the period. Parallel Advisors LLC’s holdings in S&P Global were worth $2,755,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Headinvest LLC increased its stake in S&P Global by 2.0% during the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock valued at $515,000 after purchasing an additional 20 shares in the last quarter. EWA LLC increased its position in shares of S&P Global by 4.2% in the 3rd quarter. EWA LLC now owns 498 shares of the business services provider’s stock valued at $254,000 after acquiring an additional 20 shares during the period. Continuum Advisory LLC raised its stake in S&P Global by 1.3% in the 3rd quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock worth $788,000 after acquiring an additional 20 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in S&P Global by 2.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock worth $515,000 after acquiring an additional 20 shares during the period. Finally, Personal CFO Solutions LLC grew its stake in S&P Global by 3.1% during the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider’s stock valued at $336,000 after purchasing an additional 20 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Up 1.6 %

Shares of NYSE:SPGI opened at $494.38 on Tuesday. The firm has a market capitalization of $152.17 billion, a price-to-earnings ratio of 40.03, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The business’s 50 day moving average price is $513.56 and its 200-day moving average price is $510.89. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating 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 last year, the business earned $3.13 EPS. On average, equities research analysts forecast 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 announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.78%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is presently 31.09%.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of research reports. Evercore ISI lifted their target price on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Oppenheimer dropped 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 report on Friday, January 3rd. Citigroup initiated 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 objective on the stock. StockNews.com downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company lifted their price objective on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $590.86.

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.