Tranquility Partners LLC Lowers Stake in S&P Global Inc. (NYSE:SPGI)

Tranquility Partners LLC cut its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,355 shares of the business services provider’s stock after selling 40 shares during the quarter. Tranquility Partners LLC’s holdings in S&P Global were worth $1,173,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SPGI. Exchange Traded Concepts LLC grew its holdings in shares of S&P Global by 163.5% during the third quarter. Exchange Traded Concepts LLC now owns 224 shares of the business services provider’s stock worth $116,000 after buying an additional 139 shares in the last quarter. Koshinski Asset Management Inc. acquired a new stake in shares of S&P Global in the third quarter worth approximately $216,000. Wedge Capital Management L L P NC acquired a new stake in shares of S&P Global in the third quarter worth approximately $263,000. Creative Planning boosted its position in shares of S&P Global by 13.0% in the third quarter. Creative Planning now owns 51,561 shares of the business services provider’s stock worth $26,638,000 after acquiring an additional 5,913 shares during the last quarter. Finally, Swedbank AB boosted its position in shares of S&P Global by 11.8% in the third quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock worth $450,280,000 after acquiring an additional 92,115 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Evercore ISI lifted their price target 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. StockNews.com raised shares of S&P Global from a “hold” rating to a “buy” rating in a research report on Wednesday. Stifel Nicolaus lifted their price target on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Oppenheimer reduced their price target 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. Two investment 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.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $586.85.

S&P Global Stock Performance

Shares of SPGI opened at $530.93 on Thursday. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $542.00. The company has a market cap of $164.75 billion, a price-to-earnings ratio of 46.86, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a fifty day moving average of $506.13 and a 200-day moving average of $506.36.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the prior year, the business earned $3.13 earnings per share. As a group, equities analysts anticipate that S&P Global Inc. will post 15.34 earnings per share for the current year.

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 $0.96 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.72%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is presently 32.13%.

S&P Global Company 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.