Invesco Ltd. Sells 381,163 Shares of S&P Global Inc. (NYSE:SPGI)

Invesco Ltd. decreased its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 11.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,891,884 shares of the business services provider's stock after selling 381,163 shares during the period. Invesco Ltd. owned about 0.93% of S&P Global worth $1,440,245,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in shares of S&P Global by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock valued at $3,273,264,000 after purchasing an additional 116,208 shares during the last quarter. Norges Bank bought a new position in S&P Global during the 4th quarter valued at approximately $1,725,084,000. Amundi raised its stake in S&P Global by 6.6% during the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider's stock valued at $1,162,979,000 after buying an additional 145,434 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in S&P Global by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,999,467 shares of the business services provider's stock worth $995,795,000 after acquiring an additional 62,770 shares in the last quarter. Finally, Cantillon Capital Management LLC boosted its holdings in S&P Global by 0.5% in the fourth quarter. Cantillon Capital Management LLC now owns 1,868,814 shares of the business services provider's stock worth $930,725,000 after acquiring an additional 9,880 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

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S&P Global Stock Performance

Shares of SPGI traded up $7.38 on Friday, reaching $465.14. The company's stock had a trading volume of 1,045,172 shares, compared to its average volume of 1,243,081. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. The stock has a market capitalization of $145.98 billion, a P/E ratio of 37.66, a PEG ratio of 2.41 and a beta of 1.26. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The stock's 50 day simple moving average is $504.81 and its two-hundred day simple moving average is $506.17.

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

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a $0.96 dividend. This is a boost from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.83%. S&P Global's dividend payout ratio is presently 31.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Oppenheimer cut their target price 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. BMO Capital Markets lifted their target price on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Bank of America started coverage on S&P Global in a report on Thursday. They set a "buy" rating and a $600.00 price target on the stock. Finally, Mizuho assumed coverage on S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective for the company. Two 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, S&P Global presently has an average rating of "Moderate Buy" and a consensus price target of $595.14.

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.