Edgewood Management LLC Lowers Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Edgewood Management LLC trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,582,599 shares of the business services provider's stock after selling 339,580 shares during the period. S&P Global accounts for about 5.1% of Edgewood Management LLC's investment portfolio, making the stock its 8th biggest holding. Edgewood Management LLC owned approximately 1.15% of S&P Global worth $1,784,242,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Waterloo Capital L.P. boosted its holdings in S&P Global by 12.9% during the fourth quarter. Waterloo Capital L.P. now owns 3,720 shares of the business services provider's stock worth $1,853,000 after buying an additional 425 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co boosted its stake in S&P Global by 59.5% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 27,064 shares of the business services provider's stock worth $13,479,000 after acquiring an additional 10,100 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in S&P Global by 7.5% during the fourth quarter. Russell Investments Group Ltd. now owns 528,807 shares of the business services provider's stock valued at $263,362,000 after purchasing an additional 37,011 shares during the period. Perennial Investment Advisors LLC acquired a new position in S&P Global during the fourth quarter valued at approximately $201,000. Finally, Katamaran Capital LLP bought a new stake in S&P Global in the fourth quarter valued at approximately $3,728,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. StockNews.com lowered shares of S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Morgan Stanley boosted their target price on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Citigroup began coverage on S&P Global in a research report on Friday, December 20th. They set a "buy" rating and a $600.00 price target on the stock. Evercore ISI boosted their price objective on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company raised their target price on shares of S&P Global from $617.00 to $633.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $595.14.

S&P Global Stock Performance

Shares of SPGI stock traded up $4.96 on Friday, reaching $462.72. The stock had a trading volume of 419,294 shares, compared to its average volume of 1,240,240. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The firm has a market capitalization of $145.22 billion, a price-to-earnings ratio of 37.40, a P/E/G ratio of 2.41 and a beta of 1.26. The firm's 50-day moving average is $505.78 and its two-hundred day moving average is $506.52. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

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

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. 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 annualized dividend and a yield of 0.83%. S&P Global's dividend payout ratio (DPR) is currently 31.09%.

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.