Howland Capital Management LLC Reduces Stake in S&P Global Inc. (NYSE:SPGI)

Howland Capital Management LLC lessened its position in S&P Global Inc. (NYSE:SPGI) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 105,169 shares of the business services provider’s stock after selling 655 shares during the quarter. S&P Global makes up about 2.3% of Howland Capital Management LLC’s investment portfolio, making the stock its 11th largest holding. Howland Capital Management LLC’s holdings in S&P Global were worth $52,377,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. raised its stake in S&P Global by 25.0% during the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock valued at $51,000 after buying an additional 20 shares during the last quarter. Trust Point Inc. increased its holdings in shares of S&P Global by 1.4% in the 3rd quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock worth $725,000 after purchasing an additional 20 shares in the last quarter. Headinvest LLC increased its holdings in shares of S&P Global by 2.0% in the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after purchasing an additional 20 shares in the last quarter. EWA LLC increased its holdings 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 worth $254,000 after purchasing an additional 20 shares in the last quarter. Finally, Continuum Advisory LLC increased its holdings in shares of 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 purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on SPGI shares. Citigroup started coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. BMO Capital Markets increased their price objective on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Oppenheimer reduced their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. UBS Group upped their price objective on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. reduced their price target 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. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $584.54.

S&P Global Stock Down 0.0 %

Shares of NYSE:SPGI opened at $519.00 on Friday. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The business has a 50 day simple moving average of $505.85 and a two-hundred day simple moving average of $505.54. The firm has a market capitalization of $161.05 billion, a PE ratio of 45.81, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is 32.13%.

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.