Schechter Investment Advisors LLC Sells 206 Shares of S&P Global Inc. (NYSE:SPGI)

Schechter Investment Advisors LLC decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,697 shares of the business services provider’s stock after selling 206 shares during the period. Schechter Investment Advisors LLC’s holdings in S&P Global were worth $1,841,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SPGI. Swedbank AB boosted its stake in shares of S&P Global by 11.8% in the 3rd quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock worth $450,280,000 after buying an additional 92,115 shares during the last quarter. Howard Capital Management Group LLC boosted its position in S&P Global by 3.2% in the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock worth $471,000 after purchasing an additional 28 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of S&P Global by 4,600.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 141 shares of the business services provider’s stock valued at $73,000 after purchasing an additional 138 shares during the period. Chicago Partners Investment Group LLC increased its position in shares of S&P Global by 20.8% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,345 shares of the business services provider’s stock valued at $687,000 after purchasing an additional 232 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of S&P Global by 33.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 83,861 shares of the business services provider’s stock valued at $43,325,000 after purchasing an additional 20,856 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 0.9 %

Shares of SPGI opened at $528.98 on Tuesday. The company’s fifty day simple moving average is $514.36 and its 200-day simple moving average is $511.20. The company has a market cap of $162.82 billion, a P/E ratio of 42.83, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping 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 quarter last year, the company posted $3.13 earnings per share. As a group, analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a $0.96 dividend. This represents a $3.84 annualized dividend 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 of this dividend is Wednesday, February 26th. S&P Global’s payout ratio is 31.09%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SPGI shares. Evercore ISI boosted their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. StockNews.com downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. UBS Group raised their target price on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. BMO Capital Markets boosted their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, Citigroup began coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $590.23.

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.