Signaturefd LLC Sells 231 Shares of S&P Global Inc. (NYSE:SPGI)

Signaturefd LLC lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,116 shares of the business services provider’s stock after selling 231 shares during the period. Signaturefd LLC’s holdings in S&P Global were worth $3,544,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Human Investing LLC bought a new position in shares of S&P Global during the fourth quarter valued at $30,000. Noble Wealth Management PBC purchased a new stake in S&P Global during the 4th quarter valued at about $31,000. Dunhill Financial LLC increased its stake in S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 34 shares in the last quarter. Sound Income Strategies LLC raised its holdings in S&P Global by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after buying an additional 63 shares during the last quarter. Finally, BankPlus Trust Department purchased a new stake in shares of S&P Global during the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of S&P Global stock opened at $486.67 on Monday. The stock has a market cap of $149.80 billion, a P/E ratio of 39.41, a P/E/G ratio of 2.41 and a beta of 1.20. 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 stock’s fifty day moving average is $513.56 and its 200 day moving average is $510.99. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping the consensus estimate 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 prior year, the company earned $3.13 EPS. 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 declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.79%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is currently 31.09%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SPGI shares. Citigroup assumed coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Mizuho began coverage on S&P Global in a research note on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price target for the company. StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Morgan Stanley lifted their price objective on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, BMO Capital Markets upped their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and an average target price of $590.86.

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.