S&P Global Inc. (NYSE:SPGI) Shares Sold by AXQ Capital LP

AXQ Capital LP lowered its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 84.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 575 shares of the business services provider's stock after selling 3,024 shares during the period. AXQ Capital LP's holdings in S&P Global were worth $286,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SPGI. Nordea Investment Management AB raised its position in shares of S&P Global by 52.0% in the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider's stock worth $328,632,000 after buying an additional 225,370 shares during the period. Sanctuary Advisors LLC increased its stake in S&P Global by 12.6% during the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider's stock worth $14,198,000 after acquiring an additional 3,093 shares during the last quarter. Eastern Bank increased its stake in S&P Global by 3.1% during the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider's stock worth $24,980,000 after acquiring an additional 1,530 shares during the last quarter. Wealthfront Advisers LLC raised its holdings in shares of S&P Global by 19.1% in the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock worth $18,799,000 after purchasing an additional 6,051 shares during the period. Finally, Oddo BHF Asset Management Sas acquired a new position in shares of S&P Global in the 3rd quarter valued at about $27,170,000. Institutional investors and hedge funds own 87.17% of the company's stock.

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S&P Global Stock Up 1.8 %

Shares of SPGI stock traded up $9.16 during mid-day trading on Tuesday, reaching $513.10. 751,138 shares of the company were exchanged, compared to its average volume of 1,155,440. 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 business's 50 day simple moving average is $514.28 and its 200 day simple moving average is $510.31. The company has a market capitalization of $157.93 billion, a P/E ratio of 41.55, 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.

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. Research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently announced 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. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. 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 is 31.09%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SPGI. Morgan Stanley raised their price target 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. Mizuho assumed coverage on shares of S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price on the stock. Citigroup started coverage on S&P Global in a report on Friday, December 20th. They issued a "buy" rating and a $600.00 price target for the company. Evercore ISI raised their price objective on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Finally, Oppenheimer decreased their target price on 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. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.