S&P Global Inc. (NYSE:SPGI) Holdings Cut by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,137 shares of the business services provider’s stock after selling 119 shares during the period. Cornercap Investment Counsel Inc.’s holdings in S&P Global were worth $1,562,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Human Investing LLC acquired a new position in shares of S&P Global during the 4th quarter worth $30,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global in the fourth quarter worth about $31,000. Dunhill Financial LLC boosted its stake in shares of S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after acquiring an additional 34 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 63 shares during the last quarter. Finally, BankPlus Trust Department bought a new position in shares of S&P Global in the 4th quarter valued at approximately $40,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the company. StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. UBS Group increased their target price on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Oppenheimer cut their target price 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. Wells Fargo & Company raised their price target on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Finally, Evercore ISI increased 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. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and an average price target of $590.86.

S&P Global Stock Down 1.2 %

Shares of NYSE:SPGI opened at $502.33 on Friday. The company has a market capitalization of $157.65 billion, a PE ratio of 40.67, a P/E/G ratio of 2.41 and a beta of 1.20. 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’s fifty day moving average is $515.20 and its 200-day moving average is $510.21. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39.

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

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is presently 31.09%.

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.