S&P Global Inc. (NYSE:SPGI) Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 558 shares of the business services provider’s stock after selling 22 shares during the period. Wrapmanager Inc.’s holdings in S&P Global were worth $278,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Swedbank AB increased its holdings in shares of S&P Global by 11.8% in the third quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock valued at $450,280,000 after purchasing an additional 92,115 shares during the period. Howard Capital Management Group LLC increased its holdings in shares of S&P Global by 3.2% in the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock valued at $471,000 after purchasing an additional 28 shares during the period. J.W. Cole Advisors Inc. acquired a new position in shares of S&P Global in the third quarter valued at approximately $334,000. Asahi Life Asset Management CO. LTD. acquired a new position in shares of S&P Global in the third quarter valued at approximately $358,000. Finally, Orrstown Financial Services Inc. increased its holdings in shares of S&P Global by 5.4% in the third quarter. Orrstown Financial Services Inc. now owns 1,309 shares of the business services provider’s stock valued at $676,000 after purchasing an additional 67 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 0.1 %

SPGI opened at $533.80 on Wednesday. The business’s fifty day moving average is $511.35 and its two-hundred day moving average is $510.09. 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 has a market cap of $164.30 billion, a price-to-earnings ratio of 43.22, a PEG ratio of 2.41 and a beta of 1.20. 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) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS 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 quarter in the prior year, the business earned $3.13 EPS. Analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.72%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. S&P Global’s payout ratio is presently 31.09%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SPGI. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Wells Fargo & Company boosted their target price on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Citigroup began coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. Evercore ISI upped their price objective 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, UBS Group upped their price objective on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average target price of $590.23.

About S&P Global

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.