Norden Group LLC Sells 26 Shares of S&P Global Inc. (NYSE:SPGI)

Norden Group LLC lessened its stake in S&P Global Inc. (NYSE:SPGI) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 987 shares of the business services provider’s stock after selling 26 shares during the period. Norden Group LLC’s holdings in S&P Global were worth $491,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SPGI. Proficio Capital Partners LLC grew its position in shares of S&P Global by 71,024.1% in the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock valued at $308,525,000 after buying an additional 618,620 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of S&P Global in the 3rd quarter valued at about $224,976,000. FMR LLC grew its position in shares of S&P Global by 6.6% in the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after buying an additional 369,598 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of S&P Global in the 4th quarter valued at about $144,091,000. Finally, Wellington Management Group LLP boosted its position in shares of S&P Global by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after purchasing an additional 292,436 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of S&P Global stock opened at $528.98 on Tuesday. The company has a market cap of $162.82 billion, a PE ratio of 42.83, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The business has a 50 day moving average price of $514.36 and a 200-day moving average price of $511.20. 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 (NYSE:SPGI) last issued 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 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 earnings per share. Equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors 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 dividend yield of 0.73%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is presently 31.09%.

Wall Street Analyst Weigh In

SPGI has been the topic of several research analyst reports. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Evercore ISI upped their target price on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. UBS Group upped their target price on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Morgan Stanley increased their price target on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, Citigroup began coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.