Ieq Capital LLC Has $8.31 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Ieq Capital LLC trimmed its position in S&P Global Inc. (NYSE:SPGI) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,689 shares of the business services provider’s stock after selling 323 shares during the period. Ieq Capital LLC’s holdings in S&P Global were worth $8,312,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Headinvest LLC raised its stake in S&P Global by 2.0% in the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock valued at $515,000 after purchasing an additional 20 shares in the last quarter. EWA LLC raised its stake in S&P Global by 4.2% in the third quarter. EWA LLC now owns 498 shares of the business services provider’s stock valued at $254,000 after purchasing an additional 20 shares in the last quarter. Continuum Advisory LLC raised its stake in S&P Global by 1.3% in the third quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock valued at $788,000 after purchasing an additional 20 shares in the last quarter. Fullcircle Wealth LLC raised its stake in S&P Global by 1.2% in the third quarter. Fullcircle Wealth LLC now owns 1,789 shares of the business services provider’s stock valued at $872,000 after purchasing an additional 21 shares in the last quarter. Finally, DT Investment Partners LLC raised its stake in S&P Global by 20.6% in the third quarter. DT Investment Partners LLC now owns 129 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 22 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of analyst reports. Evercore ISI boosted their price target on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Robert W. Baird boosted their price target on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. BMO Capital Markets boosted their target price on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Stifel Nicolaus boosted their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Citigroup started coverage on S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $590.23.

S&P Global Stock Performance

NYSE:SPGI opened at $536.21 on Friday. The stock has a market cap of $165.05 billion, a P/E ratio of 43.42, a price-to-earnings-growth ratio of 2.44 and a beta of 1.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock’s 50-day moving average is $509.53 and its 200-day moving average is $508.60. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the previous year, the company earned $3.13 EPS. Equities research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently announced 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 is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.72%. S&P Global’s dividend payout ratio is presently 29.47%.

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.