NewEdge Advisors LLC Cuts Stake in S&P Global Inc. (NYSE:SPGI)

NewEdge Advisors LLC lessened its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 4.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 17,946 shares of the business services provider's stock after selling 784 shares during the period. NewEdge Advisors LLC's holdings in S&P Global were worth $8,937,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Human Investing LLC bought a new stake in shares of S&P Global during the fourth quarter worth about $30,000. Noble Wealth Management PBC purchased a new stake in shares of S&P Global in the fourth quarter worth approximately $31,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after purchasing an additional 38 shares in the last quarter. Sound Income Strategies LLC boosted its position in shares of S&P Global by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock valued at $36,000 after buying an additional 63 shares during the last quarter. Finally, BankPlus Trust Department bought a new stake in S&P Global during the fourth quarter worth $40,000. Institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

Shares of SPGI stock traded up $5.11 on Wednesday, reaching $471.53. The company's stock had a trading volume of 457,815 shares, compared to its average volume of 1,240,694. The company has a market capitalization of $147.99 billion, a P/E ratio of 38.18, a PEG ratio of 2.41 and a beta of 1.26. 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's 50 day simple moving average is $496.18 and its 200-day simple moving average is $503.76. S&P Global Inc. has a 12-month low of $407.69 and a 12-month 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 (EPS) for the quarter, beating 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 last year, the firm earned $3.13 earnings per share. As a group, equities analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given 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 dividend on an annualized basis and a yield of 0.81%. S&P Global's dividend payout ratio (DPR) is presently 31.09%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SPGI shares. Wells Fargo & Company dropped 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. Morgan Stanley raised their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Oppenheimer dropped 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. JPMorgan Chase & Co. decreased their price target on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, UBS Group increased their price objective on S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, S&P Global has an average rating of "Moderate Buy" and a consensus price target 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.