S&P Global Inc. (NYSE:SPGI) Position Reduced by WealthPLAN Partners LLC

WealthPLAN Partners LLC lessened its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 20.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,810 shares of the business services provider's stock after selling 951 shares during the period. WealthPLAN Partners LLC's holdings in S&P Global were worth $1,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in shares of S&P Global during the third quarter worth about $27,000. First Personal Financial Services acquired a new position in S&P Global during the 3rd quarter worth approximately $29,000. Capital Performance Advisors LLP acquired a new position in S&P Global during the 3rd quarter worth approximately $31,000. Voisard Asset Management Group Inc. raised its stake in shares of 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 in the last quarter. Finally, Dunhill Financial LLC lifted its holdings 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 buying an additional 34 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on SPGI. Robert W. Baird boosted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. StockNews.com upgraded shares of S&P Global from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Oppenheimer lowered their target price on S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. Evercore ISI boosted their price target on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Finally, Morgan Stanley increased their price objective on 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 equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, S&P Global presently has an average rating of "Moderate Buy" and an average target price of $590.23.

S&P Global Stock Down 0.4 %

Shares of SPGI stock traded down $2.01 during trading hours on Wednesday, hitting $541.76. 693,021 shares of the company were exchanged, compared to its average volume of 1,328,047. The stock has a market capitalization of $166.75 billion, a price-to-earnings ratio of 43.85, a P/E/G ratio of 2.42 and a beta of 1.20. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The business's 50-day simple moving average is $508.53 and its two-hundred day simple moving average is $508.17. 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 (NYSE:SPGI - Get Free Report) last issued its earnings results 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 return on equity of 14.33% and a net margin of 27.12%. During the same period last year, the business posted $3.13 earnings per share. Sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

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

About S&P Global

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.