Sound View Wealth Advisors Group LLC Trims Stock Position in S&P Global Inc. (NYSE:SPGI)

Sound View Wealth Advisors Group LLC lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 6.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 505 shares of the business services provider’s stock after selling 33 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in S&P Global were worth $252,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. First Personal Financial Services purchased a new position in S&P Global in the 3rd quarter worth approximately $29,000. Human Investing LLC purchased a new position in S&P Global in the 4th quarter worth approximately $30,000. Capital Performance Advisors LLP purchased a new position in S&P Global in the 3rd quarter worth approximately $31,000. Noble Wealth Management PBC purchased a new position in S&P Global in the 4th quarter worth approximately $31,000. Finally, Dunhill Financial LLC grew its stake in S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after buying an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 1.7 %

NYSE:SPGI opened at $488.46 on Tuesday. The company has a fifty day moving average of $514.87 and a 200 day moving average of $511.60. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. 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 firm has a market capitalization of $150.35 billion, a P/E ratio of 39.55, a P/E/G ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS 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 last year, the firm posted $3.13 earnings per share. On average, research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.79%. S&P Global’s dividend payout ratio is 31.09%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SPGI. Morgan Stanley upped their price objective on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. BMO Capital Markets upped their price objective 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. Oppenheimer cut 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. Citigroup began coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Finally, StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $590.23.

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.