Leavell Investment Management Inc. Has $896,000 Stock Position in S&P Global Inc. (NYSE:SPGI)

Leavell Investment Management Inc. lowered its holdings in S&P Global Inc. (NYSE:SPGI) by 1.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,799 shares of the business services provider’s stock after selling 29 shares during the quarter. Leavell Investment Management Inc.’s holdings in S&P Global were worth $896,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. International Assets Investment Management LLC grew its holdings in S&P Global by 174,815.4% in the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after buying an additional 466,757 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of S&P Global in the 3rd quarter worth approximately $224,976,000. FMR LLC lifted its position in shares of S&P Global by 6.6% in the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after acquiring an additional 369,598 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of S&P Global in the 4th quarter worth approximately $144,091,000. Finally, Wellington Management Group LLP lifted its position in shares of S&P Global by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after acquiring an additional 292,436 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on SPGI shares. BMO Capital Markets raised their price objective on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday. Citigroup started coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Evercore ISI raised their price objective on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday. UBS Group raised their price objective 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. Finally, Wells Fargo & Company boosted their price target on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $587.92.

S&P Global Price Performance

S&P Global stock opened at $542.44 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $168.32 billion, a P/E ratio of 47.88, a P/E/G ratio of 2.39 and a beta of 1.20. The business’s fifty day moving average is $506.35 and its two-hundred day moving average is $506.53. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $542.77.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. During the same period last year, the company earned $3.13 EPS. Equities research analysts forecast that S&P Global Inc. will post 15.34 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid 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 0.71%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is currently 32.13%.

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.