Capital World Investors Sells 308,168 Shares of S&P Global Inc. (NYSE:SPGI)

Capital World Investors decreased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 26.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 865,471 shares of the business services provider's stock after selling 308,168 shares during the period. Capital World Investors owned 0.28% of S&P Global worth $431,031,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its stake in S&P Global by 2.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock worth $515,000 after acquiring an additional 20 shares during the last quarter. Personal CFO Solutions LLC lifted its stake in S&P Global by 3.1% in the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock valued at $336,000 after buying an additional 20 shares during the last quarter. Anfield Capital Management LLC boosted its stake in S&P Global by 25.6% during the 4th quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock worth $54,000 after purchasing an additional 22 shares during the period. Invenio Wealth Partners LLC grew its holdings in shares of S&P Global by 4.0% during the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock worth $286,000 after buying an additional 22 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in S&P Global by 4.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider's stock valued at $265,000 after buying an additional 23 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Up 0.9 %

NYSE:SPGI traded up $4.42 on Wednesday, hitting $470.84. 1,232,137 shares of the company's stock traded hands, compared to its average volume of 1,239,265. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The firm has a 50-day moving average price of $496.18 and a 200-day moving average price of $503.76. The company has a market cap of $147.77 billion, a PE ratio of 38.12, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. 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 announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (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 period in the prior year, the business earned $3.13 EPS. Equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is 31.09%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Morgan Stanley increased 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. Bank of America initiated coverage on shares of S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 target price on the stock. Oppenheimer dropped their target price on S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. Wells Fargo & Company decreased their target price on shares of S&P Global from $633.00 to $607.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, BMO Capital Markets upped their price target on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, S&P Global has an average rating of "Moderate Buy" and a consensus price target of $591.86.

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.