EFG Asset Management Americas Corp. Sells 312 Shares of S&P Global Inc. (NYSE:SPGI)

EFG Asset Management Americas Corp. lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,006 shares of the business services provider’s stock after selling 312 shares during the quarter. S&P Global makes up 1.5% of EFG Asset Management Americas Corp.’s portfolio, making the stock its 17th biggest position. EFG Asset Management Americas Corp.’s holdings in S&P Global were worth $7,473,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Andra AP fonden grew its stake in shares of S&P Global by 677.1% in the fourth quarter. Andra AP fonden now owns 16,412 shares of the business services provider’s stock worth $8,174,000 after acquiring an additional 14,300 shares during the last quarter. Edgestream Partners L.P. lifted its holdings in shares of S&P Global by 213.2% during the fourth quarter. Edgestream Partners L.P. now owns 1,729 shares of the business services provider’s stock valued at $861,000 after purchasing an additional 1,177 shares in the last quarter. Barden Capital Management Inc. lifted its holdings in S&P Global by 14.1% in the fourth quarter. Barden Capital Management Inc. now owns 3,498 shares of the business services provider’s stock valued at $1,742,000 after acquiring an additional 431 shares during the period. Ashton Thomas Private Wealth LLC lifted its holdings in S&P Global by 4.2% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 13,663 shares of the business services provider’s stock valued at $6,805,000 after acquiring an additional 555 shares during the period. Finally, Callan Family Office LLC lifted its holdings in S&P Global by 1,911.2% in the fourth quarter. Callan Family Office LLC now owns 18,724 shares of the business services provider’s stock valued at $9,325,000 after acquiring an additional 17,793 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of SPGI stock opened at $514.13 on Friday. S&P Global Inc. has a 52-week low of $407.69 and a 52-week 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. The firm has a market capitalization of $158.25 billion, a P/E ratio of 41.63, a P/E/G ratio of 2.41 and a beta of 1.20. The stock has a 50 day moving average price of $515.15 and a 200 day moving average price of $511.48.

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

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. The ex-dividend date is Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. S&P Global’s payout ratio is 31.09%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SPGI. StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Wells Fargo & Company increased their target price on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Citigroup started coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price target for the company. BMO Capital Markets raised 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, UBS Group raised 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. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus target price 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.