Clearbridge Investments LLC Sells 118,114 Shares of S&P Global Inc. (NYSE:SPGI)

Clearbridge Investments LLC trimmed its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 8.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,330,426 shares of the business services provider's stock after selling 118,114 shares during the period. Clearbridge Investments LLC owned approximately 0.43% of S&P Global worth $662,592,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Human Investing LLC bought a new stake in S&P Global during the 4th quarter worth about $30,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global during the 4th quarter worth approximately $31,000. Dunhill Financial LLC raised its stake in shares of S&P Global by 94.4% during the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock worth $36,000 after buying an additional 34 shares during the last quarter. Sound Income Strategies LLC lifted its holdings 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 buying an additional 63 shares during the period. Finally, BankPlus Trust Department bought a new position in S&P Global in the fourth quarter valued at approximately $40,000. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Up 0.5 %

Shares of SPGI traded up $2.56 during midday trading on Tuesday, hitting $510.66. The stock had a trading volume of 979,511 shares, compared to its average volume of 1,218,371. The firm has a market cap of $160.26 billion, a price-to-earnings ratio of 41.35, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a 50 day simple moving average of $515.34 and a two-hundred day simple moving average of $510.02. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

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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, 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 firm posted $3.13 EPS. On average, analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have commented on SPGI shares. Wells Fargo & Company upped their target price on shares of S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Mizuho began coverage on S&P Global in a report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price on the stock. Evercore ISI boosted their target price on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. 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 research report on Wednesday, February 12th. Finally, UBS Group boosted their price objective on shares of S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus 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.