Elo Mutual Pension Insurance Co Sells 1,201 Shares of S&P Global Inc. (NYSE:SPGI)

Elo Mutual Pension Insurance Co lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,221 shares of the business services provider’s stock after selling 1,201 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in S&P Global were worth $14,553,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SPGI. Human Investing LLC bought a new position in S&P Global in the fourth quarter valued at about $30,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global during the 4th quarter worth approximately $31,000. Dunhill Financial LLC lifted its holdings 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 buying an additional 34 shares during the period. Sound Income Strategies LLC grew its holdings in S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after acquiring an additional 63 shares during the period. Finally, BankPlus Trust Department bought a new stake in shares of S&P Global during the 4th quarter valued at $40,000. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Down 1.0 %

SPGI stock opened at $507.99 on Thursday. The business has a 50-day moving average of $515.11 and a 200-day moving average of $510.31. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The stock has a market capitalization of $156.36 billion, a P/E ratio of 41.13, a P/E/G ratio of 2.41 and a beta of 1.20. 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 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 net margin of 27.12% and a return on equity of 14.33%. During the same quarter in the previous year, the company posted $3.13 earnings per share. On average, sell-side 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 paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.76%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. S&P Global’s dividend payout ratio is currently 31.09%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SPGI shares. Wells Fargo & Company raised their price target on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. UBS Group increased their price target on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. BMO Capital Markets boosted their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Morgan Stanley increased their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, Mizuho began coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price target for the company. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.