S&P Global Inc. (NYSE:SPGI) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC cut its holdings in S&P Global Inc. (NYSE:SPGI) by 0.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 27,865 shares of the business services provider’s stock after selling 131 shares during the period. Moran Wealth Management LLC’s holdings in S&P Global were worth $13,878,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. First Personal Financial Services acquired a new position in S&P Global in the third quarter valued at $29,000. Capital Performance Advisors LLP purchased a new stake in S&P Global in the 3rd quarter valued at about $31,000. Human Investing LLC acquired a new position in shares of S&P Global during the 4th quarter valued at about $30,000. Noble Wealth Management PBC purchased a new position in shares of S&P Global during the 4th quarter worth about $31,000. Finally, Dunhill Financial LLC boosted its position in shares of S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after acquiring an additional 34 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of SPGI stock opened at $497.35 on Monday. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The company has a market capitalization of $153.08 billion, a PE ratio of 40.27, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. 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 fifty day simple moving average of $515.06 and a 200-day simple moving average of $511.68.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating 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 in the previous year, the company posted $3.13 earnings per share. Equities research 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 business 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 $0.96 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.77%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is presently 31.09%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Morgan Stanley upped their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Evercore ISI lifted their target price on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. BMO Capital Markets upped their price target on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Company raised their price objective on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $590.23.

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.