Cypress Capital Group Has $2.42 Million Position in S&P Global Inc. (NYSE:SPGI)

Cypress Capital Group trimmed its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,857 shares of the business services provider's stock after selling 729 shares during the period. Cypress Capital Group's holdings in S&P Global were worth $2,419,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPGI. Victory Capital Management Inc. boosted its holdings in S&P Global by 9.6% during the fourth quarter. Victory Capital Management Inc. now owns 269,609 shares of the business services provider's stock worth $134,273,000 after buying an additional 23,554 shares in the last quarter. Keybank National Association OH lifted its position in shares of S&P Global by 1.5% during the 4th quarter. Keybank National Association OH now owns 163,325 shares of the business services provider's stock valued at $81,341,000 after acquiring an additional 2,489 shares during the period. Commerzbank Aktiengesellschaft FI lifted its position in shares of S&P Global by 14.2% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 2,859 shares of the business services provider's stock valued at $1,424,000 after acquiring an additional 356 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of S&P Global by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,999,467 shares of the business services provider's stock valued at $995,795,000 after acquiring an additional 62,770 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of S&P Global by 6.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 36,328 shares of the business services provider's stock valued at $18,093,000 after acquiring an additional 2,188 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Evercore ISI lifted their price target on shares of S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Citigroup started coverage on S&P Global in a research report on Friday, December 20th. They set a "buy" rating and a $600.00 price objective for the company. Morgan Stanley lifted their price objective on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Oppenheimer cut their price objective on S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Finally, UBS Group lifted their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $590.23.

S&P Global Stock Up 1.3 %

SPGI stock traded up $6.46 during trading on Wednesday, reaching $523.27. The stock had a trading volume of 1,645,571 shares, compared to its average volume of 1,144,573. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $161.06 billion, a P/E ratio of 42.37, a PEG ratio of 2.41 and a beta of 1.20. The firm has a fifty day moving average price of $514.96 and a 200 day moving average price of $511.46.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating 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 quarter last year, the firm earned $3.13 earnings per share. On average, equities analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently disclosed 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. This represents a $3.84 annualized dividend and a yield of 0.73%. The ex-dividend date is 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%.

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.