Delta Asset Management LLC TN Trims Position in S&P Global Inc. (NYSE:SPGI)

Delta Asset Management LLC TN cut its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,277 shares of the business services provider's stock after selling 2,313 shares during the quarter. S&P Global comprises about 5.8% of Delta Asset Management LLC TN's holdings, making the stock its 2nd largest position. Delta Asset Management LLC TN's holdings in S&P Global were worth $64,384,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in S&P Global by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider's stock valued at $4,581,580,000 after acquiring an additional 292,436 shares during the period. Geode Capital Management LLC boosted its position in S&P Global by 1.8% during the third quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider's stock worth $3,332,016,000 after purchasing an additional 113,146 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of S&P Global by 1.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider's stock valued at $1,401,909,000 after purchasing an additional 28,458 shares during the period. Amundi raised its position in shares of S&P Global by 6.6% in the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider's stock valued at $1,162,979,000 after purchasing an additional 145,434 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake 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 buying an additional 62,770 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

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S&P Global Price Performance

Shares of NYSE:SPGI traded down $6.31 during trading on Friday, reaching $502.33. The company had a trading volume of 1,140,449 shares, compared to its average volume of 1,220,368. The company has a fifty day moving average of $515.20 and a two-hundred day moving average of $510.14. 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 stock has a market capitalization of $157.65 billion, a P/E ratio of 40.67, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39.

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 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 in the previous year, the firm earned $3.13 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a $0.96 dividend. This is an increase from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.76%. S&P Global's payout ratio is presently 31.09%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Oppenheimer reduced their price objective on shares of 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. Morgan Stanley lifted their price target on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. UBS Group boosted their price objective on S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. BMO Capital Markets raised their target price on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Finally, StockNews.com lowered S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, S&P Global currently has an average rating of "Moderate Buy" and an average price target 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.