Ieq Capital LLC Sells 323 Shares of S&P Global Inc. (NYSE:SPGI)

Ieq Capital LLC cut its stake in S&P Global Inc. (NYSE:SPGI) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,689 shares of the business services provider’s stock after selling 323 shares during the period. Ieq Capital LLC’s holdings in S&P Global were worth $8,312,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. First Personal Financial Services bought a new position in shares of S&P Global during the 3rd quarter worth approximately $29,000. Human Investing LLC bought a new position in shares of S&P Global during the 4th quarter worth approximately $30,000. Capital Performance Advisors LLP bought a new position in shares of S&P Global during the 3rd quarter worth approximately $31,000. Voisard Asset Management Group Inc. boosted its holdings in shares of S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after buying an additional 27 shares in the last quarter. Finally, Dunhill Financial LLC boosted its holdings in shares of S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after buying an additional 34 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. BMO Capital Markets increased their price target on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Wells Fargo & Company upped their target price 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. Robert W. Baird upped their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. lowered their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $590.23.

S&P Global Trading Down 1.2 %

NYSE SPGI opened at $536.21 on Friday. The firm has a market capitalization of $165.05 billion, a P/E ratio of 43.42, a PEG ratio of 2.44 and a beta of 1.20. The business has a fifty day simple moving average of $509.53 and a 200 day simple moving average of $508.60. S&P Global Inc. has a 12 month low of $407.69 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 released its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS 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 period last year, the company posted $3.13 earnings per share. On average, analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.72%. S&P Global’s dividend payout ratio (DPR) is currently 29.47%.

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.