S&P Global Inc. (NYSE:SPGI) Stock Holdings Lessened by American Century Companies Inc.

American Century Companies Inc. trimmed its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 20.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 793,263 shares of the business services provider's stock after selling 199,186 shares during the period. American Century Companies Inc. owned 0.26% of S&P Global worth $395,069,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Human Investing LLC acquired a new stake in shares of S&P Global in the fourth quarter worth approximately $30,000. Noble Wealth Management PBC purchased a new position in S&P Global during the fourth quarter worth approximately $31,000. Dunhill Financial LLC boosted its holdings in shares of S&P Global by 94.4% in 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 during the last quarter. Sound Income Strategies LLC grew its stake in shares of S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock valued at $36,000 after buying an additional 63 shares during the period. Finally, BankPlus Trust Department purchased a new stake in S&P Global during the fourth quarter valued at about $40,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Up 1.5 %

SPGI traded up $7.51 during trading on Tuesday, hitting $511.45. The company had a trading volume of 456,864 shares, compared to its average volume of 1,403,437. The company has a market cap of $157.42 billion, a PE ratio of 41.41, 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 current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39. The business has a 50-day moving average of $514.28 and a 200-day moving average of $510.31.

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S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results 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 net margin of 27.12% and a return on equity of 14.33%. During the same quarter in the previous year, the business earned $3.13 EPS. As a group, 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. Stockholders 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. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. S&P Global's dividend payout ratio (DPR) is presently 31.09%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SPGI. StockNews.com lowered S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Wells Fargo & Company lifted their price target on shares of S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Citigroup started coverage on shares of S&P Global in a research report on Friday, December 20th. They issued a "buy" rating and a $600.00 price objective for the company. Morgan Stanley lifted their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Finally, BMO Capital Markets raised their price objective on S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, S&P Global has a consensus rating of "Moderate Buy" and an average 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.