S&P Global Inc. (NYSE:SPGI) Stock Holdings Reduced by Troy Asset Management Ltd

Troy Asset Management Ltd lowered its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 12.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,258 shares of the business services provider's stock after selling 4,546 shares during the period. Troy Asset Management Ltd's holdings in S&P Global were worth $16,563,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Headinvest LLC raised its holdings in shares of S&P Global by 2.0% during the third quarter. Headinvest LLC now owns 997 shares of the business services provider's stock worth $515,000 after purchasing an additional 20 shares during the period. EWA LLC boosted its holdings in shares of S&P Global by 4.2% in the 3rd quarter. EWA LLC now owns 498 shares of the business services provider's stock valued at $254,000 after buying an additional 20 shares during the period. Continuum Advisory LLC boosted its holdings in shares of S&P Global by 1.3% in the 3rd quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider's stock valued at $788,000 after buying an additional 20 shares during the period. Parkside Financial Bank & Trust grew its position in shares of S&P Global by 2.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock valued at $515,000 after buying an additional 20 shares during the last quarter. Finally, Personal CFO Solutions LLC raised its stake in S&P Global by 3.1% during the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock worth $336,000 after acquiring an additional 20 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

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S&P Global Price Performance

Shares of SPGI traded up $2.56 during trading hours on Tuesday, hitting $510.66. 970,932 shares of the company were exchanged, compared to its average volume of 1,220,191. The firm has a fifty day simple moving average of $515.34 and a 200-day simple moving average of $510.02. The company has a market capitalization of $160.26 billion, a PE ratio of 41.35, a PEG ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. 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 issued its quarterly 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 return on equity of 14.33% and a net margin of 27.12%. During the same period in the previous year, the company posted $3.13 EPS. As a group, sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a $0.96 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. This is a positive change from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio is presently 31.09%.

Analysts Set New Price Targets

SPGI has been the topic of a number of research reports. StockNews.com cut S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Evercore ISI raised their target price on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Citigroup started coverage on shares of S&P Global in a research report on Friday, December 20th. They set a "buy" rating and a $600.00 price target for the company. Mizuho began coverage on shares of S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective on the stock. Finally, Morgan Stanley boosted their price objective on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. 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.com, S&P Global presently has a consensus rating of "Moderate Buy" and an average price target 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.