S&P Global Inc. (NYSE:SPGI) Stock Position Cut by Round Hill Asset Management

Round Hill Asset Management decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,292 shares of the business services provider’s stock after selling 250 shares during the quarter. S&P Global accounts for about 10.3% of Round Hill Asset Management’s holdings, making the stock its biggest holding. Round Hill Asset Management’s holdings in S&P Global were worth $14,588,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Norges Bank acquired a new position in shares of S&P Global in the fourth quarter worth $1,725,084,000. Raymond James Financial Inc. purchased a new position in S&P Global in the fourth quarter valued at $527,207,000. Proficio Capital Partners LLC grew its stake in S&P Global by 71,024.1% during the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock worth $308,525,000 after purchasing an additional 618,620 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in S&P Global during the 4th quarter worth about $144,091,000. Finally, Robeco Institutional Asset Management B.V. raised its position in S&P Global by 52.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 720,517 shares of the business services provider’s stock valued at $358,839,000 after purchasing an additional 249,242 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI opened at $451.47 on Monday. The company’s 50 day simple moving average is $513.70 and its 200-day simple moving average is $509.15. The firm has a market cap of $141.69 billion, a PE ratio of 36.56, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 12-month low of $405.23 and a 12-month high of $545.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last issued 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 net margin of 27.12% and a return on equity of 14.33%. During the same quarter in the prior year, the company posted $3.13 EPS. As a group, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.85%. This is a boost 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 (DPR) is presently 31.09%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SPGI. BMO Capital Markets upped their target price on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. UBS Group raised their price objective on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Oppenheimer decreased their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, Evercore ISI increased their price objective on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $590.86.

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.