S&P Global Inc. (NYSE:SPGI) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC trimmed its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 167,589 shares of the business services provider's stock after selling 4,649 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of S&P Global worth $83,464,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Northwest Investment Counselors LLC purchased a new stake in shares of S&P Global during the third quarter worth approximately $27,000. First Personal Financial Services acquired a new position in S&P Global in the 3rd quarter valued at $29,000. Capital Performance Advisors LLP acquired a new position in S&P Global in the 3rd quarter valued at $31,000. Voisard Asset Management Group Inc. raised its position in S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider's stock worth $32,000 after buying an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC lifted its stake 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 worth $36,000 after acquiring an additional 34 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

Shares of S&P Global stock traded up $3.39 on Tuesday, hitting $543.08. The company's stock had a trading volume of 1,744,969 shares, compared to its average volume of 1,340,320. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm has a fifty day moving average price of $507.92 and a 200-day moving average price of $507.77. The company has a market capitalization of $168.52 billion, a P/E ratio of 47.93, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. During the same quarter in the previous year, the company earned $3.13 earnings per share. On average, equities research analysts expect that S&P Global Inc. will post 15.34 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.71%. This is a positive change from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio is presently 32.13%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SPGI. Morgan Stanley boosted their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Wells Fargo & Company boosted their target price on S&P Global from $617.00 to $633.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Evercore ISI raised their price target on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Stifel Nicolaus lifted their price target on S&P Global from $540.00 to $560.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Finally, BMO Capital Markets increased their price objective on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $590.23.

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.