Locust Wood Capital Advisers LLC Trims Position in S&P Global Inc. (NYSE:SPGI)

Locust Wood Capital Advisers LLC cut its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 170,027 shares of the business services provider's stock after selling 6,077 shares during the period. S&P Global makes up approximately 2.9% of Locust Wood Capital Advisers LLC's holdings, making the stock its 20th biggest position. Locust Wood Capital Advisers LLC owned 0.05% of S&P Global worth $84,679,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SPGI. Human Investing LLC acquired a new position in shares of S&P Global in the 4th quarter worth approximately $30,000. Noble Wealth Management PBC acquired a new position in S&P Global in the fourth quarter valued at approximately $31,000. Hazlett Burt & Watson Inc. lifted its stake in shares of S&P Global by 131.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after purchasing an additional 38 shares during the period. Sound Income Strategies LLC boosted its holdings in S&P Global by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock worth $36,000 after buying an additional 63 shares during the last quarter. Finally, BankPlus Trust Department acquired a new position in S&P Global during the fourth quarter valued at approximately $40,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Mizuho started coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective for the company. Bank of America started coverage on shares of S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target on the stock. Evercore ISI upped their price target on shares of S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. UBS Group increased their target price on S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $595.14.

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S&P Global Stock Up 0.1 %

Shares of NYSE:SPGI traded up $0.68 on Tuesday, hitting $472.27. 300,009 shares of the company traded hands, compared to its average volume of 1,237,969. The stock has a 50 day simple moving average of $503.97 and a 200-day simple moving average of $505.85. The company has a market cap of $148.22 billion, a PE ratio of 38.24, a PEG ratio of 2.41 and a beta of 1.26. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. 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 results 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 return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the prior year, the company posted $3.13 earnings per share. As a group, research 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. Stockholders of record on Wednesday, February 26th were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Wednesday, February 26th. This is an increase from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is 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.