Signaturefd LLC Cuts Stake in S&P Global Inc. (NYSE:SPGI)

Signaturefd LLC lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 3.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,116 shares of the business services provider’s stock after selling 231 shares during the quarter. Signaturefd LLC’s holdings in S&P Global were worth $3,544,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SPGI. Human Investing LLC bought a new stake in S&P Global in the 4th quarter valued at $30,000. Noble Wealth Management PBC purchased a new position in shares of S&P Global during the fourth quarter valued at about $31,000. Dunhill Financial LLC increased its holdings in shares of S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after purchasing an additional 34 shares during the last quarter. Sound Income Strategies LLC lifted its position in shares of S&P Global by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after buying an additional 63 shares in the last quarter. Finally, BankPlus Trust Department bought a new position in S&P Global during the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI opened at $486.67 on Monday. 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 business has a fifty day moving average of $513.56 and a 200 day moving average of $510.99. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39. The stock has a market cap of $149.80 billion, a P/E ratio of 39.41, a PEG ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) 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 company earned $3.13 earnings per share. As a group, sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.96 per share. The ex-dividend date was Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.79%. S&P Global’s dividend payout ratio (DPR) is 31.09%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SPGI. 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. Morgan Stanley increased 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 report on Wednesday, February 12th. BMO Capital Markets boosted their target price on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Evercore ISI increased their price target on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Finally, StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.