Summit Investment Advisors Inc. Sells 652 Shares of S&P Global Inc. (NYSE:SPGI)

Summit Investment Advisors Inc. lessened its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,483 shares of the business services provider's stock after selling 652 shares during the period. Summit Investment Advisors Inc.'s holdings in S&P Global were worth $6,715,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of SPGI. Stamos Capital Partners L.P. boosted its stake in shares of S&P Global by 202.0% during the 4th quarter. Stamos Capital Partners L.P. now owns 1,510 shares of the business services provider's stock worth $752,000 after buying an additional 1,010 shares during the last quarter. BTG Pactual Asset Management US LLC increased its position in shares of S&P Global by 18.1% during the 4th quarter. BTG Pactual Asset Management US LLC now owns 3,499 shares of the business services provider's stock worth $1,806,000 after purchasing an additional 537 shares during the last quarter. Advisors Capital Management LLC boosted its holdings in shares of S&P Global by 7.1% in the 4th quarter. Advisors Capital Management LLC now owns 1,593 shares of the business services provider's stock valued at $793,000 after buying an additional 105 shares during the last quarter. Seeds Investor LLC grew its stake in shares of S&P Global by 6.8% in the fourth quarter. Seeds Investor LLC now owns 1,896 shares of the business services provider's stock valued at $944,000 after buying an additional 121 shares in the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new position in shares of S&P Global during the 4th quarter worth about $2,310,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

Shares of SPGI traded down $1.43 during mid-day trading on Friday, reaching $462.55. The company had a trading volume of 913,056 shares, compared to its average volume of 1,241,127. The company has a market capitalization of $145.17 billion, a price-to-earnings ratio of 37.45, a P/E/G ratio of 2.41 and a beta of 1.26. 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 company's 50 day simple moving average is $500.89 and its 200 day simple moving average is $504.95. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share 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 in the previous year, the firm earned $3.13 EPS. Analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid 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 0.83%. This is an increase from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio (DPR) is presently 31.09%.

Analysts Set New Price Targets

A number of equities analysts recently commented on SPGI shares. JPMorgan Chase & Co. reduced their price target on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday. Oppenheimer cut their target price 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. Bank of America started coverage on S&P Global in a research report on Thursday, April 10th. They issued a "buy" rating and a $600.00 target price on the stock. Evercore ISI lifted their target price on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Finally, Morgan Stanley lifted their price objective 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. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, S&P Global has an average rating of "Moderate Buy" and an average price target of $591.86.

S&P Global 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.