Elo Mutual Pension Insurance Co Lowers Holdings in S&P Global Inc. (NYSE:SPGI)

Elo Mutual Pension Insurance Co reduced its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,221 shares of the business services provider's stock after selling 1,201 shares during the period. Elo Mutual Pension Insurance Co's holdings in S&P Global were worth $14,553,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. StockNews.com lowered S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Morgan Stanley raised their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. UBS Group boosted their price target on shares of S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Mizuho started coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective on the stock. Finally, BMO Capital Markets lifted their price objective on shares of S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, S&P Global presently has a consensus rating of "Moderate Buy" and an average price target of $590.86.

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S&P Global Stock Performance

NYSE:SPGI traded down $6.31 during mid-day trading on Friday, reaching $502.33. 1,140,449 shares of the stock were exchanged, compared to its average volume of 1,220,368. 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 Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The company has a 50 day simple moving average of $515.20 and a 200-day simple moving average of $510.14. The stock has a market capitalization of $157.65 billion, a P/E ratio of 40.67, a P/E/G ratio of 2.41 and a beta of 1.20.

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, topping analysts' consensus estimates 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 EPS. Analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

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