Douglass Winthrop Advisors LLC Trims Holdings in S&P Global Inc. (NYSE:SPGI)

Douglass Winthrop Advisors LLC lowered its holdings in S&P Global Inc. (NYSE:SPGI) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 250,043 shares of the business services provider’s stock after selling 4,091 shares during the quarter. S&P Global accounts for 2.4% of Douglass Winthrop Advisors LLC’s holdings, making the stock its 15th largest holding. Douglass Winthrop Advisors LLC owned 0.08% of S&P Global worth $124,529,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPGI. Human Investing LLC purchased a new stake in S&P Global in the fourth quarter valued at $30,000. Noble Wealth Management PBC purchased a new stake in S&P Global in the fourth quarter valued at $31,000. Dunhill Financial LLC raised its position in S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 34 shares during the period. Sound Income Strategies LLC raised its position in S&P Global by 700.0% in the fourth 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 stake in S&P Global in the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on SPGI shares. UBS Group lifted their target price on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Mizuho started coverage on S&P Global in a research note on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price objective for the company. Oppenheimer dropped their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Citigroup started coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Finally, Wells Fargo & Company lifted their price objective on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $590.86.

S&P Global Trading Up 0.4 %

NYSE:SPGI opened at $497.20 on Friday. The stock has a 50-day simple moving average of $513.56 and a 200-day simple moving average of $510.53. The stock has a market cap of $153.04 billion, a P/E ratio of 40.26, a P/E/G ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) 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 posted $3.13 earnings per share. As a group, analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were 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 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Wednesday, February 26th. S&P Global’s dividend payout ratio is currently 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.