Northwest & Ethical Investments L.P. Cuts Holdings in S&P Global Inc. (NYSE:SPGI)

Northwest & Ethical Investments L.P. lessened its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 46.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,953 shares of the business services provider's stock after selling 7,831 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in S&P Global were worth $4,459,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Swedbank AB grew its position in shares of S&P Global by 11.8% in the 3rd quarter. Swedbank AB now owns 871,588 shares of the business services provider's stock valued at $450,280,000 after buying an additional 92,115 shares during the last quarter. Howard Capital Management Group LLC boosted its holdings in S&P Global by 3.2% in the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock valued at $471,000 after acquiring an additional 28 shares during the last quarter. Avior Wealth Management LLC increased its position in S&P Global by 18.4% during 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 period. Citizens Financial Group Inc. RI raised its holdings in S&P Global by 5.2% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,923 shares of the business services provider's stock worth $2,027,000 after purchasing an additional 193 shares during the last quarter. Finally, King Luther Capital Management Corp lifted its position in shares of S&P Global by 4.9% in the 3rd quarter. King Luther Capital Management Corp now owns 48,194 shares of the business services provider's stock worth $24,898,000 after purchasing an additional 2,269 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SPGI shares. Morgan Stanley increased their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Citigroup assumed coverage on S&P Global in a report on Friday, December 20th. They set a "buy" rating and a $600.00 price target for the company. Wells Fargo & Company boosted their price objective on S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Oppenheimer decreased their target price on S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. Finally, Mizuho started coverage on 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. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $590.86.

S&P Global Stock Up 2.0 %

Shares of S&P Global stock traded up $9.89 during trading hours on Tuesday, reaching $513.83. The company's stock had a trading volume of 1,350,988 shares, compared to its average volume of 1,155,440. The company has a market capitalization of $158.16 billion, a P/E ratio of 41.61, a P/E/G ratio of 2.41 and a beta of 1.20. The stock's fifty day simple moving average is $514.28 and its two-hundred day simple moving average is $510.31. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating the consensus estimate 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 previous year, the business posted $3.13 EPS. 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 announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.96 per share. 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 annualized dividend and a dividend yield of 0.75%. S&P Global's 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.