Twin Tree Management LP Decreases Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Twin Tree Management LP decreased its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 98.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83 shares of the business services provider's stock after selling 6,847 shares during the period. Twin Tree Management LP's holdings in S&P Global were worth $41,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGI. Headinvest LLC increased its holdings in S&P Global by 2.0% during the third quarter. Headinvest LLC now owns 997 shares of the business services provider's stock valued at $515,000 after buying an additional 20 shares during the last quarter. EWA LLC increased its holdings in S&P Global by 4.2% during the third 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 last quarter. Continuum Advisory LLC increased its holdings in S&P Global by 1.3% during the third 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 last quarter. Parkside Financial Bank & Trust increased its stake in shares of S&P Global by 2.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock worth $515,000 after purchasing an additional 20 shares in the last quarter. Finally, Personal CFO Solutions LLC increased its stake in shares of S&P Global by 3.1% in the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock worth $336,000 after purchasing an additional 20 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

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S&P Global Trading Up 0.1 %

SPGI traded up $0.42 on Friday, reaching $497.62. 2,603,895 shares of the company traded hands, compared to its average volume of 1,154,869. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The firm has a fifty day simple moving average of $513.85 and a two-hundred day simple moving average of $510.42. The company has a market cap of $153.17 billion, a P/E ratio of 40.29, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data 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 earnings per share. As a group, equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.77%. This is a positive change 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 (DPR) is presently 31.09%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SPGI. 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. Mizuho began coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price for the company. BMO Capital Markets raised their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Evercore ISI raised their target price 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. Finally, UBS Group increased their price objective on shares of S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, S&P Global currently has a consensus rating of "Moderate Buy" and an average price target of $590.86.

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.