S&P Global Inc. (NYSE:SPGI) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. cut its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 33.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 416,805 shares of the business services provider's stock after selling 208,407 shares during the period. Bessemer Group Inc. owned approximately 0.13% of S&P Global worth $207,583,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Howard Capital Management Group LLC increased its position in shares of S&P Global by 3.2% during the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock worth $471,000 after acquiring an additional 28 shares during the last quarter. Quarry LP purchased a new stake in S&P Global during the 3rd quarter worth approximately $55,000. Zacks Investment Management purchased a new stake in S&P Global during the 3rd quarter worth approximately $269,000. MML Investors Services LLC raised its position in shares of S&P Global by 32.3% in the 3rd quarter. MML Investors Services LLC now owns 36,396 shares of the business services provider's stock valued at $18,803,000 after purchasing an additional 8,896 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its stake in shares of S&P Global by 91.0% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 1,182 shares of the business services provider's stock valued at $611,000 after buying an additional 563 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

S&P Global stock traded up $6.43 during mid-day trading on Monday, hitting $471.57. 274,409 shares of the company's stock traded hands, compared to its average volume of 1,239,506. 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 one year low of $407.69 and a one year high of $545.39. The firm has a 50 day moving average price of $504.81 and a 200 day moving average price of $506.14. The company has a market cap of $148.00 billion, a PE ratio of 38.18, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26.

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S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating analysts' consensus estimates 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 previous year, the company earned $3.13 EPS. On average, equities analysts forecast 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 was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was 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 31.09%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. StockNews.com cut shares of S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Oppenheimer cut their target price on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. UBS Group lifted their price target on S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Evercore ISI upped their price objective on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Finally, Citigroup initiated coverage on S&P Global in a report on Friday, December 20th. They set a "buy" rating and a $600.00 target price on the stock. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus 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.