Key Financial Inc Sells 90 Shares of S&P Global Inc. (NYSE:SPGI)

Key Financial Inc decreased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 15.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 487 shares of the business services provider’s stock after selling 90 shares during the quarter. Key Financial Inc’s holdings in S&P Global were worth $243,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new position in shares of S&P Global during the 3rd quarter worth about $27,000. First Personal Financial Services bought a new position in shares of S&P Global during the 3rd quarter worth about $29,000. Human Investing LLC acquired a new stake in shares of S&P Global during the 4th quarter valued at about $30,000. Capital Performance Advisors LLP acquired a new stake in shares of S&P Global during the 3rd quarter valued at about $31,000. Finally, Voisard Asset Management Group Inc. boosted its position in shares of S&P Global by 77.1% during 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. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SPGI. Oppenheimer decreased 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. StockNews.com upgraded shares of S&P Global from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Evercore ISI lifted their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Citigroup began coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Finally, Morgan Stanley lifted their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $590.23.

S&P Global Trading Up 0.6 %

Shares of NYSE SPGI opened at $543.08 on Wednesday. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39. The company has a market cap of $168.52 billion, a PE ratio of 47.93, a P/E/G ratio of 2.39 and a beta of 1.20. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average of $508.53 and a two-hundred day moving average of $508.17.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. During the same period in the prior year, the firm earned $3.13 earnings per share. As a group, equities analysts expect that S&P Global Inc. will post 15.34 earnings per share for the current fiscal 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 paid a $0.96 dividend. The ex-dividend date is Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.71%. S&P Global’s payout ratio is currently 32.13%.

S&P Global 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.