Johnson Financial Group Inc. Sells 401 Shares of S&P Global Inc. (NYSE:SPGI)

Johnson Financial Group Inc. trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 31.6% in the fourth quarter, Holdings Channel reports. The fund owned 869 shares of the business services provider’s stock after selling 401 shares during the quarter. Johnson Financial Group Inc.’s holdings in S&P Global were worth $453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in S&P Global during the 4th quarter valued at approximately $1,725,084,000. Raymond James Financial Inc. bought a new stake in shares of S&P Global in the fourth quarter valued at approximately $527,207,000. Proficio Capital Partners LLC grew its stake in shares of S&P Global by 71,024.1% in the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock worth $308,525,000 after acquiring an additional 618,620 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of S&P Global in the fourth quarter worth $144,091,000. Finally, APG Asset Management N.V. increased its position in S&P Global by 1,384.4% during the fourth quarter. APG Asset Management N.V. now owns 290,500 shares of the business services provider’s stock worth $139,718,000 after acquiring an additional 270,930 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

NYSE SPGI opened at $480.33 on Friday. S&P Global Inc. has a 1-year low of $408.84 and a 1-year high of $545.39. The company has a 50 day moving average of $492.37 and a 200-day moving average of $502.97. 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 firm has a market cap of $150.75 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 2.41 and a beta of 1.26.

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, beating analysts’ consensus estimates 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 business posted $3.13 earnings per share. On average, equities 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 declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.96 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.80%. S&P Global’s dividend payout ratio is 31.09%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Evercore ISI raised their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Oppenheimer reduced their target price on shares of 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. Morgan Stanley boosted their price target on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Bank of America assumed coverage on S&P Global in a research report on Thursday, April 10th. They set a “buy” rating and a $600.00 price objective on the stock. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $591.86.

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.