Sirios Capital Management L P Has $886,000 Stake in S&P Global Inc. (NYSE:SPGI)

Sirios Capital Management L P cut its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 32.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,779 shares of the business services provider's stock after selling 842 shares during the quarter. Sirios Capital Management L P's holdings in S&P Global were worth $886,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC grew its holdings 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 in the last quarter. Virtu Financial LLC bought a new stake in S&P Global in the 3rd quarter valued at about $1,753,000. SkyView Investment Advisors LLC increased its holdings in shares of S&P Global by 2.5% during the third quarter. SkyView Investment Advisors LLC now owns 4,957 shares of the business services provider's stock worth $2,561,000 after purchasing an additional 119 shares during the period. Fulcrum Equity Management acquired a new stake in shares of S&P Global in the third quarter valued at approximately $200,000. Finally, Pine Valley Investments Ltd Liability Co boosted its stake in shares of S&P Global by 2.2% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 11,102 shares of the business services provider's stock valued at $5,736,000 after buying an additional 235 shares during the period. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Performance

SPGI stock opened at $466.75 on Wednesday. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average price of $496.18 and a 200-day moving average price of $503.76. The firm has a market cap of $146.49 billion, a PE ratio of 37.79, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping 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 quarter in the prior year, the business posted $3.13 earnings per share. As a group, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This is an increase from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.82%. S&P Global's payout ratio is currently 31.09%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SPGI. Morgan Stanley lifted their price objective on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. reduced their price objective on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Wells Fargo & Company reduced their price target on shares of S&P Global from $633.00 to $607.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Oppenheimer lowered their price objective on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Finally, Mizuho assumed coverage on S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price on the stock. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $591.86.

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.

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