S&P Global Inc. (NYSE:SPGI) Stock Position Cut by Court Place Advisors LLC

Court Place Advisors LLC cut its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,307 shares of the business services provider's stock after selling 588 shares during the period. S&P Global makes up about 2.8% of Court Place Advisors LLC's portfolio, making the stock its 8th biggest holding. Court Place Advisors LLC's holdings in S&P Global were worth $8,620,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in shares of S&P Global by 35.3% during the 2nd quarter. AQR Capital Management LLC now owns 31,837 shares of the business services provider's stock valued at $14,147,000 after purchasing an additional 8,315 shares during the last quarter. Ascent Group LLC increased its position in S&P Global by 8.2% during the second quarter. Ascent Group LLC now owns 5,746 shares of the business services provider's stock valued at $2,563,000 after acquiring an additional 436 shares during the last quarter. Copperwynd Financial LLC purchased a new stake in shares of S&P Global in the second quarter valued at $237,000. Creative Planning lifted its holdings in shares of S&P Global by 7.3% in the 2nd quarter. Creative Planning now owns 45,648 shares of the business services provider's stock worth $20,359,000 after acquiring an additional 3,092 shares during the last quarter. Finally, Magnolia Capital Advisors LLC boosted its stake in shares of S&P Global by 201.8% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 6,178 shares of the business services provider's stock worth $2,755,000 after purchasing an additional 4,131 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

Wall Street Analyst Weigh In

SPGI has been the subject of several analyst reports. Citigroup began coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a "buy" rating and a $600.00 price objective for the company. BMO Capital Markets raised their price target on S&P Global from $564.00 to $576.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 21st. Morgan Stanley upped their price objective on S&P Global from $570.00 to $595.00 and gave the company an "overweight" rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. decreased their target price on S&P Global from $600.00 to $585.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Finally, UBS Group upped their price target on shares of S&P Global from $605.00 to $610.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $584.54.

S&P Global Stock Down 0.4 %

Shares of SPGI traded down $2.10 during trading hours on Friday, hitting $521.44. The company had a trading volume of 1,224,729 shares, compared to its average volume of 1,237,899. The company's fifty day moving average price is $506.26 and its two-hundred day moving average price is $504.21. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $161.80 billion, a PE ratio of 46.02, a price-to-earnings-growth ratio of 2.38 and a beta of 1.20.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders 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 is a boost from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. S&P Global's dividend payout ratio (DPR) is 32.13%.

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.