Convergence Financial LLC Has $419,000 Holdings in S&P Global Inc. (NYSE:SPGI)

Convergence Financial LLC lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 842 shares of the business services provider’s stock after selling 37 shares during the quarter. Convergence Financial LLC’s holdings in S&P Global were worth $419,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. First Personal Financial Services acquired a new stake in shares of S&P Global during the third quarter worth approximately $29,000. Human Investing LLC bought a new position in S&P Global in the 4th quarter valued at $30,000. Capital Performance Advisors LLP acquired a new position in S&P Global in the third quarter worth $31,000. Voisard Asset Management Group Inc. grew its holdings in shares of S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after purchasing an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC grew its holdings in shares of S&P Global by 94.4% during the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after purchasing an additional 34 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

Shares of SPGI stock opened at $528.65 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. The firm has a fifty day moving average of $512.12 and a 200-day moving average of $510.22. The firm has a market capitalization of $162.72 billion, a price-to-earnings ratio of 42.81, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the previous year, the business earned $3.13 earnings per share. On average, equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.73%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio is presently 31.09%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SPGI. Oppenheimer reduced their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. UBS Group increased their price target on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. BMO Capital Markets boosted their price objective on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Wells Fargo & Company increased their price objective on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Finally, Citigroup started coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $590.23.

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.