Brown Brothers Harriman & Co. Sells 9,908 Shares of S&P Global Inc. (NYSE:SPGI)

Brown Brothers Harriman & Co. lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 555,491 shares of the business services provider’s stock after selling 9,908 shares during the quarter. S&P Global comprises 1.9% of Brown Brothers Harriman & Co.’s investment portfolio, making the stock its 18th largest position. Brown Brothers Harriman & Co.’s holdings in S&P Global were worth $276,651,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on SPGI shares. StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. BMO Capital Markets lifted their price objective on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Morgan Stanley increased their target price on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Wells Fargo & Company raised their price target on 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, Oppenheimer lowered their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $590.86.

S&P Global Stock Down 1.2 %

Shares of S&P Global stock opened at $502.33 on Friday. The company has a current ratio of 0.85, a quick 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 company has a market cap of $157.65 billion, a P/E ratio of 40.67, a PEG ratio of 2.41 and a beta of 1.20. The company’s fifty day simple moving average is $515.20 and its two-hundred day simple moving average is $510.21.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating 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 in the previous year, the company earned $3.13 EPS. Research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis 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 (DPR) 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.