Pacer Advisors Inc. trimmed its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 9.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,820 shares of the business services provider's stock after selling 2,917 shares during the period. Pacer Advisors Inc.'s holdings in S&P Global were worth $14,353,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new stake in shares of S&P Global in the 3rd quarter valued at $27,000. First Personal Financial Services purchased a new position in S&P Global in the third quarter valued at $29,000. Capital Performance Advisors LLP acquired a new stake in S&P Global in the third quarter valued at $31,000. Voisard Asset Management Group Inc. lifted its holdings in S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider's stock worth $32,000 after buying an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC boosted its position in shares of S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock worth $36,000 after acquiring an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.
S&P Global Stock Performance
Shares of S&P Global stock traded down $2.10 during trading hours on Friday, hitting $521.44. 1,256,787 shares of the company were exchanged, compared to its average volume of 1,141,374. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average of $506.40 and a 200-day moving average of $504.48. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The stock has a market capitalization of $161.80 billion, a price-to-earnings ratio of 46.02, a P/E/G ratio of 2.38 and a beta of 1.20.
S&P Global Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. This is an increase from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio is presently 32.13%.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on SPGI. JPMorgan Chase & Co. cut their target price on S&P Global from $600.00 to $585.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. Morgan Stanley boosted their price objective on shares of S&P Global from $570.00 to $595.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Robert W. Baird upped their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Oppenheimer cut their price target on shares of 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. Finally, UBS Group upped their price objective on shares of S&P Global from $605.00 to $610.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, S&P Global has a consensus rating of "Moderate Buy" and an average price target of $584.54.
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About S&P Global
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Free Report)
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.
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