Titan Global Capital Management USA LLC Decreases Stake in S&P Global Inc. (NYSE:SPGI)

Titan Global Capital Management USA LLC cut its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,689 shares of the business services provider's stock after selling 1,251 shares during the quarter. S&P Global accounts for approximately 3.8% of Titan Global Capital Management USA LLC's holdings, making the stock its 11th biggest holding. Titan Global Capital Management USA LLC's holdings in S&P Global were worth $25,245,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SPGI. Geode Capital Management LLC grew its holdings in shares of S&P Global by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock worth $3,273,264,000 after purchasing an additional 116,208 shares during the last quarter. Norges Bank bought a new stake in S&P Global in the 4th quarter worth $1,725,084,000. Amundi increased its position in shares of S&P Global by 6.6% in the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider's stock valued at $1,162,979,000 after acquiring an additional 145,434 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of S&P Global by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,999,467 shares of the business services provider's stock valued at $995,795,000 after acquiring an additional 62,770 shares during the last quarter. Finally, Cantillon Capital Management LLC boosted its holdings in shares of S&P Global by 0.5% during the fourth quarter. Cantillon Capital Management LLC now owns 1,868,814 shares of the business services provider's stock worth $930,725,000 after purchasing an additional 9,880 shares during the period. 87.17% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several equities research analysts have weighed in on the company. StockNews.com cut S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. BMO Capital Markets raised their target price 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. Citigroup initiated coverage on S&P Global in a research report on Friday, December 20th. They set a "buy" rating and a $600.00 price objective for the company. JPMorgan Chase & Co. reduced their target price on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, Morgan Stanley lifted their price target on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, S&P Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $593.71.

S&P Global Price Performance

NYSE:SPGI traded down $8.34 during trading hours on Wednesday, hitting $462.37. 284,821 shares of the stock traded hands, compared to its average volume of 1,421,745. The stock has a 50 day moving average price of $503.02 and a 200 day moving average price of $505.60. 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 $145.11 billion, a price-to-earnings ratio of 37.44, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. 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 issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping 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 period in the prior year, the company posted $3.13 earnings per share. Sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.83%. 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. S&P Global's dividend payout ratio is presently 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.