Hantz Financial Services Inc. Sells 1,239 Shares of S&P Global Inc. (NYSE:SPGI)

Hantz Financial Services Inc. cut its stake in S&P Global Inc. (NYSE:SPGIFree Report) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,121 shares of the business services provider’s stock after selling 1,239 shares during the quarter. Hantz Financial Services Inc.’s holdings in S&P Global were worth $11,017,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. AQR Capital Management LLC lifted its stake in S&P Global by 35.3% during the 2nd quarter. AQR Capital Management LLC now owns 31,837 shares of the business services provider’s stock valued at $14,147,000 after acquiring an additional 8,315 shares in the last quarter. Creative Planning lifted its position in shares of S&P Global by 7.3% during the second quarter. Creative Planning now owns 45,648 shares of the business services provider’s stock valued at $20,359,000 after purchasing an additional 3,092 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in S&P Global by 53.2% during the second quarter. NewEdge Advisors LLC now owns 15,635 shares of the business services provider’s stock worth $6,973,000 after purchasing an additional 5,429 shares during the last quarter. Regal Investment Advisors LLC grew its position in S&P Global by 0.6% in the 2nd quarter. Regal Investment Advisors LLC now owns 4,546 shares of the business services provider’s stock worth $2,028,000 after purchasing an additional 29 shares in the last quarter. Finally, Next Capital Management LLC purchased a new stake in S&P Global in the 2nd quarter valued at about $221,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 0.0 %

Shares of SPGI stock opened at $520.54 on Wednesday. The stock has a market capitalization of $161.52 billion, a price-to-earnings ratio of 45.94, a PEG ratio of 2.36 and a beta of 1.20. The company’s fifty day simple moving average is $505.75 and its two-hundred day simple moving average is $503.99. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. S&P Global’s dividend payout ratio is 32.13%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several recent analyst reports. Robert W. Baird upped their target price on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Stifel Nicolaus upped their price objective on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Evercore ISI started coverage on S&P Global in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price on the stock. Oppenheimer decreased their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, Morgan Stanley lifted their price objective on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $584.54.

View Our Latest Research Report on S&P Global

S&P Global Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGIFree Report).

Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.