S&P Global Inc. (NYSE:SPGI) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 519,687 shares of the business services provider’s stock after selling 23,670 shares during the quarter. Stifel Financial Corp’s holdings in S&P Global were worth $258,831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of SPGI. Human Investing LLC purchased a new stake in S&P Global in the fourth quarter valued at $30,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global during the fourth quarter worth about $31,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of S&P Global by 131.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 38 shares during the last quarter. Sound Income Strategies LLC boosted its position 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 valued at $36,000 after purchasing an additional 63 shares during the period. Finally, BankPlus Trust Department purchased a new position in S&P Global during the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

SPGI has been the subject of a number of research reports. Morgan Stanley boosted their price objective on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. UBS Group lifted their price objective on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Mizuho initiated coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price for the company. Finally, JPMorgan Chase & Co. dropped their price target on S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $591.86.

S&P Global Stock Down 0.3 %

S&P Global stock opened at $462.55 on Monday. The stock’s 50 day moving average price is $499.33 and its 200 day moving average price is $504.47. 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 $145.17 billion, a PE ratio of 37.45, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

S&P Global (NYSE:SPGI) last issued 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 net margin of 27.12% and a return on equity of 14.33%. During the same quarter last year, the company posted $3.13 EPS. On average, sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.96 dividend. The ex-dividend date was Wednesday, February 26th. 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 0.83%. S&P Global’s dividend payout ratio (DPR) is 31.09%.

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.