S&P Global Inc. (NYSE:SPGI) Shares Sold by Progressive Investment Management Corp

Progressive Investment Management Corp trimmed its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,405 shares of the business services provider's stock after selling 991 shares during the period. S&P Global accounts for about 3.6% of Progressive Investment Management Corp's portfolio, making the stock its 9th biggest holding. Progressive Investment Management Corp's holdings in S&P Global were worth $14,147,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Howard Capital Management Group LLC grew its stake in S&P Global by 3.2% in the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock valued at $471,000 after buying an additional 28 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of S&P Global by 471.1% during the third quarter. Larson Financial Group LLC now owns 217 shares of the business services provider's stock worth $112,000 after acquiring an additional 179 shares during the period. Fisher Asset Management LLC grew its position in shares of S&P Global by 8.2% in the third quarter. Fisher Asset Management LLC now owns 6,519 shares of the business services provider's stock valued at $3,368,000 after purchasing an additional 492 shares during the last quarter. CreativeOne Wealth LLC increased its stake in shares of S&P Global by 53.3% during the third quarter. CreativeOne Wealth LLC now owns 1,410 shares of the business services provider's stock worth $729,000 after purchasing an additional 490 shares during the period. Finally, Financial Counselors Inc. lifted its holdings in S&P Global by 14.5% during the 3rd quarter. Financial Counselors Inc. now owns 12,602 shares of the business services provider's stock worth $6,510,000 after purchasing an additional 1,599 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

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S&P Global Price Performance

Shares of NYSE SPGI traded up $2.56 during mid-day trading on Tuesday, hitting $510.66. 970,932 shares of the stock traded hands, compared to its average volume of 1,220,191. The company has a market cap of $160.26 billion, a PE ratio of 41.35, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a 50 day simple moving average of $515.34 and a two-hundred day simple moving average of $510.02.

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 for the quarter, topping the consensus estimate 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 previous year, the company earned $3.13 EPS. As a group, equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a $0.96 dividend. This is a boost from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global's dividend payout ratio is 31.09%.

Wall Street Analyst Weigh In

A number of research analysts have commented on SPGI shares. Mizuho started coverage on S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective on the stock. Wells Fargo & Company raised their price target on shares of S&P Global from $617.00 to $633.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. StockNews.com downgraded shares of S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Citigroup began coverage on shares of S&P Global in a report on Friday, December 20th. They set a "buy" rating and a $600.00 target price on the stock. Finally, BMO Capital Markets lifted their price target 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. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $590.86.

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.