Frank Rimerman Advisors LLC Sells 1,272 Shares of S&P Global Inc. (NYSE:SPGI)

Frank Rimerman Advisors LLC reduced its stake in S&P Global Inc. (NYSE:SPGI) by 18.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,644 shares of the business services provider’s stock after selling 1,272 shares during the period. Frank Rimerman Advisors LLC’s holdings in S&P Global were worth $2,811,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPGI. Swedbank AB increased its position in shares of S&P Global by 11.8% during the third quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock worth $450,280,000 after acquiring an additional 92,115 shares in the last quarter. Howard Capital Management Group LLC increased its position in shares of S&P Global by 3.2% during the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock worth $471,000 after acquiring an additional 28 shares in the last quarter. Assetmark Inc. increased its position in shares of S&P Global by 19.1% during the third quarter. Assetmark Inc. now owns 1,298 shares of the business services provider’s stock worth $671,000 after acquiring an additional 208 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of S&P Global by 5.8% during the third quarter. Oppenheimer & Co. Inc. now owns 4,291 shares of the business services provider’s stock worth $2,217,000 after acquiring an additional 235 shares in the last quarter. Finally, Balboa Wealth Partners boosted its holdings in S&P Global by 1.7% during the third quarter. Balboa Wealth Partners now owns 1,456 shares of the business services provider’s stock worth $752,000 after purchasing an additional 24 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Performance

Shares of SPGI stock opened at $486.67 on Friday. The stock has a market capitalization of $149.80 billion, a P/E ratio of 39.41, a PEG 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. The firm’s 50 day moving average is $513.56 and its 200 day moving average is $510.91. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 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 quarter in the previous year, the company posted $3.13 EPS. On average, sell-side analysts anticipate 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 was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is 31.09%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SPGI shares. StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. 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 report on Wednesday, February 12th. 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 report on Tuesday, February 18th. Wells Fargo & Company boosted their price target on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, Citigroup began coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price target on the stock. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $590.86.

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.