S&P Global Inc. (NYSE:SPGI) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 1.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 591,275 shares of the business services provider's stock after selling 8,881 shares during the period. Rhumbline Advisers owned 0.19% of S&P Global worth $294,473,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SPGI. Exchange Traded Concepts LLC increased its holdings in S&P Global by 163.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 224 shares of the business services provider's stock valued at $116,000 after purchasing an additional 139 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of S&P Global in the third quarter valued at about $263,000. Creative Planning raised its holdings in shares of S&P Global by 13.0% during the 3rd quarter. Creative Planning now owns 51,561 shares of the business services provider's stock valued at $26,638,000 after buying an additional 5,913 shares during the period. Swedbank AB lifted its position in S&P Global by 11.8% during the 3rd quarter. Swedbank AB now owns 871,588 shares of the business services provider's stock worth $450,280,000 after acquiring an additional 92,115 shares in the last quarter. Finally, SeaCrest Wealth Management LLC boosted its holdings in S&P Global by 3.5% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 1,040 shares of the business services provider's stock worth $537,000 after acquiring an additional 35 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on shares of 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. Citigroup initiated coverage on shares of S&P Global in a report on Friday, December 20th. They issued a "buy" rating and a $600.00 price objective on the stock. Wells Fargo & Company upped their price objective on shares of S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. BMO Capital Markets lifted their target price on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Finally, Morgan Stanley increased their price objective on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $590.23.

S&P Global Stock Performance

Shares of S&P Global stock traded down $2.01 during trading on Wednesday, hitting $541.76. 693,021 shares of the stock were exchanged, compared to its average volume of 1,328,047. 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 Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The stock's fifty day moving average is $508.53 and its 200 day moving average is $508.17. The stock has a market cap of $166.75 billion, a PE ratio of 43.85, a P/E/G ratio of 2.42 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating 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 period in the previous year, the company posted $3.13 EPS. As a group, sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Wednesday, February 26th. This is a positive change from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio (DPR) is currently 29.47%.

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.