Montag & Caldwell LLC Sells 6,798 Shares of S&P Global Inc. (NYSE:SPGI)

Montag & Caldwell LLC trimmed its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 20.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,688 shares of the business services provider's stock after selling 6,798 shares during the quarter. S&P Global makes up approximately 2.8% of Montag & Caldwell LLC's portfolio, making the stock its 14th largest position. Montag & Caldwell LLC's holdings in S&P Global were worth $13,291,000 at the end of the most recent reporting period.

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

S&P Global Stock Down 0.3 %

Shares of S&P Global stock traded down $1.43 during trading hours on Friday, reaching $462.55. The company's stock had a trading volume of 913,056 shares, compared to its average volume of 1,241,883. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The company has a market capitalization of $145.17 billion, a P/E ratio of 37.45, a P/E/G ratio of 2.41 and a beta of 1.26. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock's fifty day simple moving average is $499.33 and its two-hundred day simple moving average is $504.54.

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, 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 period in the prior year, the business posted $3.13 earnings per share. On average, research analysts forecast 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 declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Wednesday, February 26th. This is a boost from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is currently 31.09%.

Analyst Ratings Changes

SPGI has been the subject of a number of research reports. Evercore ISI lifted their price objective on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. StockNews.com cut shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. BMO Capital Markets boosted their target price on S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. UBS Group raised their price target on S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Finally, Mizuho started coverage on shares of S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price target on the stock. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $591.86.

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.