Fortis Capital Management LLC Has $747,000 Stake in S&P Global Inc. (NYSE:SPGI)

Fortis Capital Management LLC cut its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 33.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,499 shares of the business services provider's stock after selling 748 shares during the period. Fortis Capital Management LLC's holdings in S&P Global were worth $747,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Swedbank AB grew its stake in S&P Global by 11.8% during the third quarter. Swedbank AB now owns 871,588 shares of the business services provider's stock worth $450,280,000 after buying an additional 92,115 shares during the last quarter. Howard Capital Management Group LLC grew its position in S&P Global by 3.2% during the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock worth $471,000 after acquiring an additional 28 shares during the last quarter. Avior Wealth Management LLC raised its position in S&P Global by 18.4% in the 3rd quarter. Avior Wealth Management LLC now owns 450 shares of the business services provider's stock valued at $232,000 after purchasing an additional 70 shares during the last quarter. LPL Financial LLC boosted its stake in S&P Global by 9.6% in the third quarter. LPL Financial LLC now owns 253,338 shares of the business services provider's stock worth $130,880,000 after purchasing an additional 22,159 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of S&P Global by 15.1% during the third quarter. Pacer Advisors Inc. now owns 31,737 shares of the business services provider's stock worth $16,396,000 after purchasing an additional 4,160 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

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S&P Global Stock Up 2.0 %

SPGI traded up $9.89 during trading on Tuesday, hitting $513.83. The company had a trading volume of 1,343,674 shares, compared to its average volume of 1,155,440. The firm's 50-day moving average price is $514.28 and its 200 day moving average price is $510.31. The company has a market capitalization of $158.16 billion, a PE ratio of 41.61, a PEG ratio of 2.41 and a beta of 1.20. 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 one year low of $407.69 and a one year high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 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 in the prior year, the business posted $3.13 earnings per share. As a group, equities analysts expect 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 disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio (DPR) is 31.09%.

Analyst Ratings Changes

SPGI has been the subject of a number of research analyst reports. UBS Group lifted their price target on S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Wells Fargo & Company boosted their price objective on shares of S&P Global from $617.00 to $633.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Morgan Stanley upped their price objective on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. StockNews.com cut S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, Oppenheimer cut their price target on S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $590.86.

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.