Foguth Wealth Management LLC. Sells 48 Shares of S&P Global Inc. (NYSE:SPGI)

Foguth Wealth Management LLC. reduced its stake in S&P Global Inc. (NYSE:SPGI) by 9.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 436 shares of the business services provider’s stock after selling 48 shares during the quarter. Foguth Wealth Management LLC.’s holdings in S&P Global were worth $224,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SPGI. Northwest Investment Counselors LLC acquired a new stake in S&P Global during the 3rd quarter worth approximately $27,000. First Personal Financial Services acquired a new stake in shares of S&P Global during the third quarter worth $29,000. Capital Performance Advisors LLP acquired a new stake in shares of S&P Global during the third quarter worth $31,000. Voisard Asset Management Group Inc. grew its stake in shares of S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 27 shares in the last quarter. Finally, Dunhill Financial LLC increased its position in S&P Global by 94.4% during the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after acquiring an additional 34 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on SPGI shares. BMO Capital Markets boosted their price objective on shares of S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. lowered their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Stifel Nicolaus upped their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Wells Fargo & Company decreased their price target on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Finally, Morgan Stanley upped their price objective on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Trading Down 0.0 %

Shares of S&P Global stock opened at $513.65 on Thursday. The firm has a market capitalization of $159.39 billion, a PE ratio of 45.34, a price-to-earnings-growth ratio of 2.40 and a beta of 1.20. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm’s 50 day moving average is $506.19 and its 200 day moving average is $505.17. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This is an increase 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 dividend payout ratio is 32.13%.

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.