S&P Global Inc. (NYSE:SPGI) Shares Sold by Thematics Asset Management

Thematics Asset Management cut its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,255 shares of the business services provider's stock after selling 1,128 shares during the quarter. Thematics Asset Management's holdings in S&P Global were worth $8,095,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SPGI. Nordea Investment Management AB boosted its position in S&P Global by 52.0% during the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider's stock valued at $328,632,000 after buying an additional 225,370 shares during the period. Eastern Bank increased its stake in shares of S&P Global by 3.1% in the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider's stock worth $24,980,000 after buying an additional 1,530 shares during the period. Wealthfront Advisers LLC raised its holdings in S&P Global by 19.1% during the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock valued at $18,799,000 after buying an additional 6,051 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new stake in S&P Global during the 3rd quarter valued at $27,170,000. Finally, American Trust grew its holdings in S&P Global by 76.2% in the 3rd quarter. American Trust now owns 2,518 shares of the business services provider's stock worth $1,301,000 after acquiring an additional 1,089 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on SPGI. Bank of America started coverage on S&P Global in a report on Thursday, April 10th. They set a "buy" rating and a $600.00 target price for the company. StockNews.com cut S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Oppenheimer cut their target price on 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 increased their target price on S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Finally, Evercore ISI raised their target price on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $591.86.

S&P Global Stock Up 0.9 %

Shares of SPGI stock traded up $4.42 on Wednesday, hitting $470.84. The stock had a trading volume of 1,232,137 shares, compared to its average volume of 1,239,265. 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 company has a market cap of $147.77 billion, a PE ratio of 38.12, a P/E/G ratio of 2.41 and a beta of 1.26. The business has a 50 day moving average price of $496.18 and a 200 day moving average price of $503.76. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) 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 prior year, the firm earned $3.13 EPS. Research 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 was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.82%. 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.