Cerity Partners LLC Lowers Stake in S&P Global Inc. (NYSE:SPGI)

Cerity Partners LLC cut its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 178,371 shares of the business services provider's stock after selling 3,497 shares during the period. Cerity Partners LLC owned about 0.06% of S&P Global worth $90,094,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in SPGI. Human Investing LLC purchased a new stake in S&P Global during the fourth quarter worth $30,000. Noble Wealth Management PBC purchased a new stake in shares of S&P Global during the 4th quarter worth $31,000. Hazlett Burt & Watson Inc. boosted its position in S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after purchasing an additional 38 shares in the last quarter. Dunhill Financial LLC grew its stake in S&P Global by 94.4% in the third 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. Finally, Sound Income Strategies LLC grew its stake in 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 valued at $36,000 after purchasing an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

Shares of NYSE:SPGI traded up $7.38 during midday trading on Friday, reaching $465.14. The company's stock had a trading volume of 1,045,172 shares, compared to its average volume of 1,243,081. The firm has a market capitalization of $145.98 billion, a PE ratio of 37.66, a P/E/G ratio of 2.41 and a beta of 1.26. The stock has a fifty day moving average of $504.81 and a 200 day moving average of $506.17. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

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S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share 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 in the prior year, the company posted $3.13 EPS. On average, equities 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 disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.83%. The ex-dividend date was Wednesday, February 26th. This is a positive change from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio is currently 31.09%.

Analyst Ratings Changes

A number of analysts have recently weighed in on SPGI shares. Wells Fargo & Company raised their price target on shares of S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Bank of America assumed coverage on shares of S&P Global in a report on Thursday. They issued a "buy" rating and a $600.00 price target on the stock. Evercore ISI increased their price objective on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Citigroup began coverage on S&P Global in a research note on Friday, December 20th. They set a "buy" rating and a $600.00 target price on the stock. Finally, Oppenheimer decreased their price target 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. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, S&P Global currently has an average rating of "Moderate Buy" and an average price target of $595.14.

S&P Global 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.