American Century Companies Inc. Sells 199,186 Shares of S&P Global Inc. (NYSE:SPGI)

American Century Companies Inc. cut its position in S&P Global Inc. (NYSE:SPGI) by 20.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 793,263 shares of the business services provider’s stock after selling 199,186 shares during the quarter. American Century Companies Inc.’s holdings in S&P Global were worth $395,069,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SPGI. Swedbank AB increased its stake 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 valued at $450,280,000 after buying an additional 92,115 shares during the period. Howard Capital Management Group LLC increased its stake in shares of S&P Global by 3.2% in the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock valued at $471,000 after buying an additional 28 shares during the period. Avior Wealth Management LLC increased its stake in shares of S&P Global by 18.4% in the third quarter. Avior Wealth Management LLC now owns 450 shares of the business services provider’s stock valued at $232,000 after buying an additional 70 shares during the period. Citizens Financial Group Inc. RI increased its stake in shares of S&P Global by 5.2% in the third quarter. Citizens Financial Group Inc. RI now owns 3,923 shares of the business services provider’s stock valued at $2,027,000 after buying an additional 193 shares during the period. Finally, King Luther Capital Management Corp increased its stake in shares of S&P Global by 4.9% in the third quarter. King Luther Capital Management Corp now owns 48,194 shares of the business services provider’s stock valued at $24,898,000 after buying an additional 2,269 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

S&P Global stock opened at $497.62 on Friday. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The business has a 50-day simple moving average of $513.85 and a 200 day simple moving average of $510.42. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a market cap of $153.17 billion, a price-to-earnings ratio of 40.29, a PEG ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results 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 last year, the company earned $3.13 earnings per share. On average, research analysts forecast that S&P Global Inc. will post 17.11 earnings per share 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. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is 31.09%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SPGI. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Citigroup began 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. Morgan Stanley raised their target price on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Wells Fargo & Company raised their target price on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Finally, Oppenheimer decreased their target price 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. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $590.86.

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.