S&P Global Inc. (NYSE:SPGI) Holdings Cut by Sandhill Capital Partners LLC

Sandhill Capital Partners LLC reduced its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,089 shares of the business services provider's stock after selling 5,471 shares during the period. S&P Global accounts for about 3.2% of Sandhill Capital Partners LLC's investment portfolio, making the stock its 13th largest position. Sandhill Capital Partners LLC's holdings in S&P Global were worth $41,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. Howard Capital Management Group LLC increased its holdings in shares of S&P Global by 3.2% during the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock worth $471,000 after buying an additional 28 shares during the last quarter. Centiva Capital LP purchased a new stake in S&P Global during the third quarter valued at about $478,000. Quarry LP acquired a new stake in S&P Global during the third quarter worth about $55,000. Zacks Investment Management purchased a new position in shares of S&P Global in the 3rd quarter worth about $269,000. Finally, Dunhill Financial LLC lifted its stake in shares of S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock valued at $36,000 after purchasing an additional 34 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Up 1.6 %

Shares of SPGI traded up $7.38 during midday trading on Friday, hitting $465.14. The company had a trading volume of 1,045,172 shares, compared to its average volume of 1,243,325. The stock has a market cap of $145.98 billion, a price-to-earnings ratio of 37.66, a PEG ratio of 2.41 and a beta of 1.26. The company's 50 day moving average price is $504.81 and its 200 day moving average price is $506.14. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39.

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S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping analysts' consensus estimates 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 prior year, the business earned $3.13 earnings per share. On average, equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently declared 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 positive change from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global's dividend payout ratio is currently 31.09%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. BMO Capital Markets increased their target price on shares of S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Wells Fargo & Company raised their target price on shares of S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Evercore ISI upped their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Morgan Stanley raised their price objective on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Finally, Mizuho started coverage on S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price for the company. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $595.14.

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.