Sei Investments Co. Cuts Holdings in S&P Global Inc. (NYSE:SPGI)

Sei Investments Co. lowered its position in S&P Global Inc. (NYSE:SPGI) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 368,885 shares of the business services provider’s stock after selling 8,184 shares during the period. Sei Investments Co.’s holdings in S&P Global were worth $183,718,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Swedbank AB grew its holdings in S&P Global by 11.8% during the 3rd quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock valued at $450,280,000 after buying an additional 92,115 shares during the last quarter. Howard Capital Management Group LLC grew its holdings in S&P Global by 3.2% during the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock valued at $471,000 after buying an additional 28 shares during the last quarter. Avior Wealth Management LLC grew its holdings in S&P Global by 18.4% during the 3rd quarter. Avior Wealth Management LLC now owns 450 shares of the business services provider’s stock valued at $232,000 after buying an additional 70 shares during the last quarter. Citizens Financial Group Inc. RI grew its holdings in S&P Global by 5.2% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,923 shares of the business services provider’s stock valued at $2,027,000 after buying an additional 193 shares during the last quarter. Finally, King Luther Capital Management Corp grew its holdings in S&P Global by 4.9% during the 3rd quarter. King Luther Capital Management Corp now owns 48,194 shares of the business services provider’s stock valued at $24,898,000 after buying an additional 2,269 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Up 0.1 %

Shares of SPGI opened at $497.62 on Friday. 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 has a market capitalization of $153.17 billion, a P/E ratio of 40.29, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The stock’s fifty day simple moving average is $513.85 and its 200 day simple moving average is $510.42. 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 earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share 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 last year, the company posted $3.13 EPS. On average, equities research analysts forecast 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 given a $0.96 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is 31.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SPGI shares. UBS Group increased their target price on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Oppenheimer lowered their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Citigroup started coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Mizuho started coverage on S&P Global in a report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price objective on the stock. Finally, StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and a consensus 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.