Stevens Capital Management LP Sells 1,222 Shares of S&P Global Inc. (NYSE:SPGI)

Stevens Capital Management LP trimmed its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 24.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,687 shares of the business services provider's stock after selling 1,222 shares during the period. S&P Global comprises 0.7% of Stevens Capital Management LP's investment portfolio, making the stock its 29th biggest position. Stevens Capital Management LP's holdings in S&P Global were worth $1,836,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its holdings in shares of S&P Global by 52.0% in the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider's stock worth $328,632,000 after buying an additional 225,370 shares during the last quarter. Sanctuary Advisors LLC raised its position in S&P Global by 12.6% in the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider's stock worth $14,198,000 after acquiring an additional 3,093 shares during the period. Eastern Bank boosted its stake in S&P Global by 3.1% in the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider's stock valued at $24,980,000 after acquiring an additional 1,530 shares during the last quarter. Wealthfront Advisers LLC grew its position in shares of 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 acquiring an additional 6,051 shares during the period. Finally, Oddo BHF Asset Management Sas purchased a new stake in shares of S&P Global during the 3rd quarter worth approximately $27,170,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

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S&P Global Trading Up 2.0 %

NYSE:SPGI traded up $9.89 during trading hours on Tuesday, hitting $513.83. The company had a trading volume of 1,350,970 shares, compared to its average volume of 1,155,440. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a 50-day moving average price of $514.28 and a 200 day moving average price of $510.31. The company has a market capitalization of $158.16 billion, a PE ratio of 41.61, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. 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 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 business posted $3.13 EPS. On average, equities research analysts predict that S&P Global Inc. will post 17.11 EPS 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. Investors of record on Wednesday, February 26th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This is a positive change from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. S&P Global's payout ratio is currently 31.09%.

Analyst Ratings Changes

Several equities analysts recently commented on SPGI shares. BMO Capital Markets upped their price objective on S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Morgan Stanley lifted their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. StockNews.com downgraded shares of S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Oppenheimer reduced their price objective on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. Finally, Citigroup started coverage on S&P Global in a research note on Friday, December 20th. They set a "buy" rating and a $600.00 price objective on the stock. Three equities 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 company presently has a consensus rating of "Moderate Buy" and an average target price of $590.86.

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.