Van Lanschot Kempen Investment Management N.V. Sells 6,933 Shares of S&P Global Inc. (NYSE:SPGI)

Van Lanschot Kempen Investment Management N.V. decreased its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,605 shares of the business services provider's stock after selling 6,933 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in S&P Global were worth $58,073,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of S&P Global during the 4th quarter valued at about $1,725,084,000. Raymond James Financial Inc. bought a new position in shares of S&P Global in the 4th quarter worth approximately $527,207,000. Proficio Capital Partners LLC lifted its stake in shares of S&P Global by 71,024.1% in the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock valued at $308,525,000 after purchasing an additional 618,620 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in S&P Global in the fourth quarter worth $144,091,000. Finally, APG Asset Management N.V. raised its holdings in S&P Global by 1,384.4% in the fourth quarter. APG Asset Management N.V. now owns 290,500 shares of the business services provider's stock worth $139,718,000 after purchasing an additional 270,930 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SPGI shares. StockNews.com downgraded shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Morgan Stanley lifted their price objective on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Evercore ISI raised their price objective on shares of S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research note 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. Finally, JPMorgan Chase & Co. reduced 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 report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating and fourteen have issued 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 $591.86.

S&P Global Stock Performance

Shares of S&P Global stock traded up $4.42 on Wednesday, hitting $470.84. 1,232,137 shares of the company's stock were exchanged, compared to its average volume of 1,239,265. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The company has a 50-day simple moving average of $494.80 and a 200-day simple moving average of $503.54. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $147.77 billion, a PE ratio of 38.12, a PEG ratio of 2.41 and a beta of 1.26.

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 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 prior year, the firm earned $3.13 EPS. As a group, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current 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 issued a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.82%. This is an increase from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is currently 31.09%.

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.