Bank of New York Mellon Corp Sells 4,078 Shares of S&P Global Inc. (NYSE:SPGI)

Bank of New York Mellon Corp trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,072,195 shares of the business services provider’s stock after selling 4,078 shares during the period. Bank of New York Mellon Corp owned approximately 0.67% of S&P Global worth $1,032,016,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in SPGI. First Personal Financial Services acquired a new stake in shares of S&P Global during the 3rd quarter worth about $29,000. Capital Performance Advisors LLP acquired a new stake in shares of S&P Global during the third quarter worth approximately $31,000. Human Investing LLC bought a new position in shares of S&P Global in the fourth quarter valued at approximately $30,000. Voisard Asset Management Group Inc. boosted its holdings in shares of S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after acquiring an additional 27 shares in the last quarter. Finally, Dunhill Financial LLC grew its position in S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after acquiring an additional 34 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Performance

SPGI stock opened at $533.17 on Tuesday. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The company has a market cap of $164.11 billion, a P/E ratio of 43.17, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The business’s fifty day moving average is $510.68 and its 200-day moving average is $509.77.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating the consensus estimate 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 period last year, the business earned $3.13 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current 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 dividend of $0.96 per share. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.72%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is currently 31.09%.

Analysts Set New Price Targets

SPGI has been the subject of several research analyst reports. BMO Capital Markets lifted their price objective on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. UBS Group lifted their price target on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Stifel Nicolaus upped their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Citigroup initiated coverage on shares of 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. Finally, Wells Fargo & Company increased their price target on shares of 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 thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $590.23.

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.