S&P Global Inc. (NYSE:SPGI) Shares Sold by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. reduced its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 1.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 555,491 shares of the business services provider's stock after selling 9,908 shares during the quarter. S&P Global comprises about 1.9% of Brown Brothers Harriman & Co.'s portfolio, making the stock its 18th largest holding. Brown Brothers Harriman & Co. owned about 0.18% of S&P Global worth $276,651,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Human Investing LLC purchased a new stake in S&P Global in the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC purchased a new stake in shares of S&P Global in the 4th quarter valued at $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 acquiring an additional 34 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of S&P Global by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock worth $36,000 after acquiring an additional 63 shares during the period. Finally, BankPlus Trust Department purchased a new position in shares of S&P Global during the fourth quarter worth $40,000. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Price Performance

Shares of NYSE SPGI traded up $2.56 during midday trading on Tuesday, hitting $510.66. The stock had a trading volume of 970,932 shares, compared to its average volume of 1,220,191. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a 50 day simple moving average of $515.34 and a 200-day simple moving average of $510.02. The company has a market capitalization of $160.26 billion, a PE ratio of 41.35, a P/E/G ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39.

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S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating analysts' consensus estimates 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, sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.96 dividend. This is a boost from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.75%. The ex-dividend date was Wednesday, February 26th. S&P Global's dividend payout ratio is presently 31.09%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SPGI shares. Citigroup started coverage on S&P Global in a research report on Friday, December 20th. They set a "buy" rating and a $600.00 price target on the stock. StockNews.com lowered S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Morgan Stanley boosted their price target on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. BMO Capital Markets raised their price objective on shares of S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Finally, Oppenheimer cut 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 report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company currently 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.