S&P Global Inc. (NYSE:SPGI) Shares Sold by FIL Ltd

FIL Ltd cut its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 493,803 shares of the business services provider's stock after selling 9,627 shares during the quarter. FIL Ltd owned approximately 0.16% of S&P Global worth $245,929,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in S&P Global by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock valued at $3,273,264,000 after buying an additional 116,208 shares during the period. Norges Bank acquired a new position in S&P Global during the 4th quarter valued at about $1,725,084,000. Amundi increased its holdings in shares of S&P Global by 6.6% during the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider's stock valued at $1,162,979,000 after acquiring an additional 145,434 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in S&P Global by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,999,467 shares of the business services provider's stock valued at $995,795,000 after purchasing an additional 62,770 shares in the last quarter. Finally, Cantillon Capital Management LLC raised its stake in S&P Global by 0.5% in the 4th quarter. Cantillon Capital Management LLC now owns 1,868,814 shares of the business services provider's stock worth $930,725,000 after acquiring an additional 9,880 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

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S&P Global Trading Up 1.6 %

Shares of SPGI traded up $7.58 during trading on Monday, reaching $472.72. 191,581 shares of the company traded hands, compared to its average volume of 1,239,258. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a market cap of $148.36 billion, a PE ratio of 38.28, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. The stock has a 50-day simple moving average of $504.81 and a 200-day simple moving average of $506.14. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping 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 last year, the firm posted $3.13 EPS. On average, analysts anticipate 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 announced 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. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.81%. This is an increase from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is presently 31.09%.

Analysts Set New Price Targets

SPGI has been the topic of several recent research reports. Oppenheimer dropped their price objective 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. Morgan Stanley lifted their price objective on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Evercore ISI raised their target price on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Mizuho assumed coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price for the company. Finally, StockNews.com downgraded S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $595.14.

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.