Gilliland Jeter Wealth Management LLC Lowers Stake in S&P Global Inc. (NYSE:SPGI)

Gilliland Jeter Wealth Management LLC lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,426 shares of the business services provider’s stock after selling 32 shares during the period. Gilliland Jeter Wealth Management LLC’s holdings in S&P Global were worth $1,208,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. lifted its stake in shares of S&P Global by 20.4% in the fourth quarter. Global X Japan Co. Ltd. now owns 1,055 shares of the business services provider’s stock worth $525,000 after acquiring an additional 179 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of S&P Global by 2.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 51,389 shares of the business services provider’s stock worth $25,593,000 after acquiring an additional 1,175 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in S&P Global by 5.8% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 769,864 shares of the business services provider’s stock valued at $383,415,000 after buying an additional 42,313 shares in the last quarter. Leo Wealth LLC raised its stake in S&P Global by 159.3% during the fourth quarter. Leo Wealth LLC now owns 2,531 shares of the business services provider’s stock valued at $1,261,000 after buying an additional 1,555 shares in the last quarter. Finally, Consolidated Portfolio Review Corp raised its stake in S&P Global by 5.7% during the fourth quarter. Consolidated Portfolio Review Corp now owns 774 shares of the business services provider’s stock valued at $385,000 after buying an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wells Fargo & Company cut their price objective on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Oppenheimer decreased their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. JPMorgan Chase & Co. decreased their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Morgan Stanley upped their target price on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, UBS Group upped their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Price Performance

SPGI opened at $518.52 on Friday. The stock has a fifty day moving average of $506.01 and a 200-day moving average of $505.23. The firm has a market capitalization of $160.90 billion, a P/E ratio of 45.76, a PEG ratio of 2.40 and a beta of 1.20. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders 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 dividend yield of 0.74%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is presently 32.13%.

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.