Phraction Management LLC Lowers Stock Position in S&P Global Inc. (NYSE:SPGI)

Phraction Management LLC cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,824 shares of the business services provider’s stock after selling 88 shares during the quarter. S&P Global accounts for 3.8% of Phraction Management LLC’s holdings, making the stock its 10th largest position. Phraction Management LLC’s holdings in S&P Global were worth $10,869,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC grew its position in S&P Global by 163.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 224 shares of the business services provider’s stock worth $116,000 after purchasing an additional 139 shares in the last quarter. Koshinski Asset Management Inc. purchased a new stake in shares of S&P Global during the 3rd quarter valued at $216,000. Wedge Capital Management L L P NC purchased a new stake in shares of S&P Global during the 3rd quarter valued at $263,000. Creative Planning raised its position in shares of S&P Global by 13.0% during the 3rd quarter. Creative Planning now owns 51,561 shares of the business services provider’s stock valued at $26,638,000 after buying an additional 5,913 shares in the last quarter. Finally, Swedbank AB grew its holdings in shares of S&P Global by 11.8% during the 3rd quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock valued at $450,280,000 after purchasing an additional 92,115 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SPGI has been the topic of several recent research reports. Evercore ISI increased their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday. Morgan Stanley increased their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday. Robert W. Baird increased their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Citigroup initiated coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Finally, BMO Capital Markets raised their price target on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. Two 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $586.85.

S&P Global Trading Down 1.8 %

Shares of SPGI opened at $530.93 on Thursday. The firm’s 50-day moving average price is $506.13 and its 200-day moving average price is $506.36. The firm has a market capitalization of $164.75 billion, a price-to-earnings ratio of 46.86, a PEG 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. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $542.00.

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, beating 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 quarter last year, the business posted $3.13 EPS. Sell-side analysts anticipate that S&P Global Inc. will post 15.34 EPS for the current 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 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 0.72%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is 32.13%.

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.