First Horizon Advisors Inc. Has $9.53 Million Stake in S&P Global Inc. (NYSE:SPGI)

First Horizon Advisors Inc. reduced its stake in S&P Global Inc. (NYSE:SPGI) by 0.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 19,142 shares of the business services provider’s stock after selling 78 shares during the quarter. First Horizon Advisors Inc.’s holdings in S&P Global were worth $9,534,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. First Personal Financial Services acquired a new stake in shares of S&P Global in the third quarter worth $29,000. Human Investing LLC bought a new position in S&P Global in the 4th quarter worth $30,000. Capital Performance Advisors LLP acquired a new position in S&P Global during the 3rd quarter worth $31,000. Voisard Asset Management Group Inc. boosted its holdings in S&P Global by 77.1% during the third 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 during the period. Finally, Dunhill Financial LLC grew its position 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 valued at $36,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.4 %

Shares of SPGI opened at $533.05 on Friday. 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 company has a 50-day moving average price of $510.08 and a two-hundred day moving average price of $509.23. The stock has a market cap of $164.07 billion, a price-to-earnings ratio of 43.16, a P/E/G ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39.

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

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is currently 29.47%.

Wall Street Analyst Weigh In

SPGI has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Oppenheimer cut their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. StockNews.com downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday. Stifel Nicolaus upped their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, BMO Capital Markets boosted their price objective 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. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.