Alerus Financial NA Sells 2,035 Shares of S&P Global Inc. (NYSE:SPGI)

Alerus Financial NA trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 13.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,566 shares of the business services provider's stock after selling 2,035 shares during the quarter. Alerus Financial NA's holdings in S&P Global were worth $6,756,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Howard Capital Management Group LLC increased its stake 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 period. Great Valley Advisor Group Inc. increased its stake in shares of S&P Global by 11.7% during the third quarter. Great Valley Advisor Group Inc. now owns 591 shares of the business services provider's stock valued at $305,000 after acquiring an additional 62 shares during the period. Larson Financial Group LLC raised its holdings in S&P Global by 471.1% during the third quarter. Larson Financial Group LLC now owns 217 shares of the business services provider's stock worth $112,000 after purchasing an additional 179 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of S&P Global by 8.2% in the 3rd quarter. Fisher Asset Management LLC now owns 6,519 shares of the business services provider's stock worth $3,368,000 after purchasing an additional 492 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of S&P Global during the 3rd quarter worth $2,520,000. 87.17% of the stock is owned by institutional investors and hedge funds.

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S&P Global Stock Up 1.2 %

Shares of SPGI traded up $5.97 during trading hours on Monday, reaching $508.48. The stock had a trading volume of 706,605 shares, compared to its average volume of 1,221,116. The company has a market capitalization of $159.58 billion, a price-to-earnings ratio of 41.17, a P/E/G ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The firm has a 50-day simple moving average of $515.20 and a 200 day simple moving average of $510.10. 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 (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping 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 period in the previous year, the firm posted $3.13 EPS. Equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently disclosed 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 dividend yield of 0.76%. This is a boost from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. S&P Global's dividend payout ratio (DPR) is currently 31.09%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SPGI shares. StockNews.com downgraded S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. 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 target for the company. UBS Group raised their price objective on shares of S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Evercore ISI boosted their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Finally, Oppenheimer dropped their price target on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $590.86.

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.