S&P Global Inc. (NYSE:SPGI) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC decreased its stake in S&P Global Inc. (NYSE:SPGI) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,998 shares of the business services provider’s stock after selling 39 shares during the quarter. NewEdge Wealth LLC’s holdings in S&P Global were worth $1,991,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SPGI. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of S&P Global in the third quarter valued at about $224,976,000. FMR LLC grew its position in shares of S&P Global by 6.6% in the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after purchasing an additional 369,598 shares during the period. Union Bancaire Privee UBP SA acquired a new position in S&P Global during the fourth quarter worth about $144,091,000. Wellington Management Group LLP boosted its position in S&P Global by 3.4% during the third 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 last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in S&P Global by 52.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 720,517 shares of the business services provider’s stock worth $358,839,000 after acquiring an additional 249,242 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the topic of a number of recent research reports. BMO Capital Markets boosted their price target 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. StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. UBS Group boosted their price target on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Oppenheimer lowered 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. Finally, Morgan Stanley boosted their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $590.23.

S&P Global Price Performance

S&P Global stock opened at $534.09 on Friday. The company’s 50 day simple moving average is $513.75 and its 200-day simple moving average is $510.82. The company has a market capitalization of $164.39 billion, a price-to-earnings ratio of 43.25, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

S&P Global (NYSE:SPGI) last released its quarterly 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 net margin of 27.12% and a return on equity of 14.33%. During the same period in the prior year, the business posted $3.13 EPS. As a group, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.72%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s payout ratio is 31.09%.

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.