Callan Capital LLC Has $551,000 Position in S&P Global Inc. (NYSE:SPGI)

Callan Capital LLC reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 6.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,107 shares of the business services provider’s stock after selling 78 shares during the quarter. Callan Capital LLC’s holdings in S&P Global were worth $551,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SPGI. First Personal Financial Services bought a new position in S&P Global in the 3rd quarter valued at about $29,000. Capital Performance Advisors LLP bought a new position in S&P Global in the 3rd quarter valued at about $31,000. Human Investing LLC bought a new position in S&P Global in the 4th quarter valued at about $30,000. Voisard Asset Management Group Inc. lifted its position in S&P Global by 77.1% in the 3rd 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 lifted its position 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 valued at $36,000 after acquiring an additional 34 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SPGI. BMO Capital Markets raised their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Morgan Stanley lifted their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Wells Fargo & Company lifted their target price 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. StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Oppenheimer dropped their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $590.23.

S&P Global Trading Down 0.4 %

Shares of SPGI stock opened at $533.05 on Friday. The company has a 50 day moving average of $510.08 and a 200-day moving average of $509.23. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. The firm has a market cap of $164.07 billion, a P/E ratio of 43.16, a PEG ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (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 quarter last year, the company posted $3.13 earnings per share. Sell-side analysts anticipate 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 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. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.72%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is currently 29.47%.

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.