Korea Investment CORP Sells 131,278 Shares of S&P Global Inc. (NYSE:SPGI)

Korea Investment CORP decreased its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 38.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 213,184 shares of the business services provider's stock after selling 131,278 shares during the quarter. Korea Investment CORP owned approximately 0.07% of S&P Global worth $106,172,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Headinvest LLC raised its stake in shares of S&P Global by 2.0% in the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider's stock valued at $515,000 after buying an additional 20 shares in the last quarter. EWA LLC raised its stake in S&P Global by 4.2% during the third quarter. EWA LLC now owns 498 shares of the business services provider's stock worth $254,000 after acquiring an additional 20 shares in the last quarter. Continuum Advisory LLC lifted its holdings in shares of S&P Global by 1.3% during the third quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider's stock valued at $788,000 after acquiring an additional 20 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of S&P Global by 2.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock valued at $515,000 after purchasing an additional 20 shares in the last quarter. Finally, Personal CFO Solutions LLC grew its holdings in shares of S&P Global by 3.1% in the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock worth $336,000 after purchasing an additional 20 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

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Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent analyst reports. Oppenheimer reduced their target price on S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. UBS Group boosted their price objective on S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Evercore ISI raised their target price on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. BMO Capital Markets raised their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Finally, StockNews.com downgraded shares of S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, S&P Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $590.86.

S&P Global Stock Down 1.2 %

NYSE:SPGI traded down $6.31 during trading hours on Friday, reaching $502.33. 1,140,449 shares of the stock were exchanged, compared to its average volume of 1,220,368. The stock has a market cap of $157.65 billion, a PE ratio of 40.67, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The firm has a 50 day moving average of $515.20 and a 200 day moving average of $510.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share 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 period in the prior year, the company earned $3.13 earnings per share. On average, 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 business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.76%. The ex-dividend date was Wednesday, February 26th. This is a positive change from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio is presently 31.09%.

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.