S&P Global Inc. (NYSE:SPGI) Position Trimmed by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC lessened its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,063 shares of the business services provider's stock after selling 898 shares during the period. S&P Global comprises approximately 0.8% of Exencial Wealth Advisors LLC's holdings, making the stock its 29th biggest holding. Exencial Wealth Advisors LLC's holdings in S&P Global were worth $20,949,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. First Personal Financial Services purchased a new position in S&P Global in the third quarter valued at about $29,000. Human Investing LLC acquired a new stake in S&P Global in the fourth quarter valued at $30,000. Capital Performance Advisors LLP bought a new position in S&P Global during the 3rd quarter valued at $31,000. Noble Wealth Management PBC bought a new position in S&P Global during the 4th quarter valued at $31,000. Finally, Dunhill Financial LLC grew its holdings in S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock worth $36,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SPGI shares. StockNews.com downgraded S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. UBS Group lifted their price objective on shares of S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Wells Fargo & Company increased their target price on shares of S&P Global from $617.00 to $633.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Morgan Stanley boosted 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 report on Wednesday, February 12th. Finally, 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 report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, S&P Global has a consensus rating of "Moderate Buy" and an average price target of $590.23.

S&P Global Stock Performance

Shares of NYSE SPGI traded up $6.30 during midday trading on Wednesday, reaching $523.11. 734,506 shares of the company traded hands, compared to its average volume of 1,142,661. The stock has a 50-day moving average price of $514.59 and a 200 day moving average price of $511.38. The company has a market cap of $161.01 billion, a price-to-earnings ratio of 42.40, a PEG ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share 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 quarter in the previous year, the company earned $3.13 earnings per share. Sell-side analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Wednesday, February 26th. This is an increase from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio is 31.09%.

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.