Artisan Partners Limited Partnership Cuts Holdings in S&P Global Inc. (NYSE:SPGI)

Artisan Partners Limited Partnership cut its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 17.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 694,923 shares of the business services provider's stock after selling 145,217 shares during the period. Artisan Partners Limited Partnership owned approximately 0.22% of S&P Global worth $346,093,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SPGI. Human Investing LLC acquired a new stake in S&P Global in the 4th quarter valued at $30,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global in the fourth quarter valued at about $31,000. Dunhill Financial LLC raised its position in shares of S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock worth $36,000 after purchasing an additional 34 shares during the last quarter. Sound Income Strategies LLC raised its position 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 worth $36,000 after purchasing an additional 63 shares during the last quarter. Finally, BankPlus Trust Department purchased a new position in S&P Global in the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

SPGI has been the subject of several research reports. StockNews.com lowered 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 report on Friday, December 20th. They set a "buy" rating and a $600.00 price target for the company. Evercore ISI lifted 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 note on Wednesday, February 12th. Oppenheimer reduced their target price on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Finally, 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 research report on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $590.86.

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S&P Global Trading Down 1.2 %

SPGI traded down $6.31 during trading hours on Friday, reaching $502.33. The company's stock had a trading volume of 1,140,449 shares, compared to its average volume of 1,220,368. The stock has a market cap of $157.65 billion, a PE ratio of 40.67, a P/E/G ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The business's 50-day moving average is $515.20 and its 200-day moving average is $510.14.

S&P Global (NYSE:SPGI - Get Free Report) last released 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 return on equity of 14.33% and a net margin of 27.12%. During the same quarter last year, the company earned $3.13 earnings per share. As a group, 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid 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 0.76%. S&P Global's dividend payout ratio (DPR) is presently 31.09%.

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.