AXQ Capital LP Sells 3,024 Shares of S&P Global Inc. (NYSE:SPGI)

AXQ Capital LP cut its position in S&P Global Inc. (NYSE:SPGI) by 84.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 575 shares of the business services provider’s stock after selling 3,024 shares during the quarter. AXQ Capital LP’s holdings in S&P Global were worth $286,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Swedbank AB grew its stake in shares of S&P Global by 11.8% during the third quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock worth $450,280,000 after acquiring an additional 92,115 shares during the last quarter. Howard Capital Management Group LLC grew its stake in shares of S&P Global by 3.2% during the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock worth $471,000 after acquiring an additional 28 shares during the last quarter. Eagle Asset Management Inc. grew its stake in shares of S&P Global by 53.8% during the third quarter. Eagle Asset Management Inc. now owns 5,536 shares of the business services provider’s stock worth $2,784,000 after acquiring an additional 1,936 shares during the last quarter. GenTrust LLC purchased a new stake in shares of S&P Global during the third quarter worth about $274,000. Finally, Great Valley Advisor Group Inc. grew its stake in shares of S&P Global by 11.7% during the third quarter. Great Valley Advisor Group Inc. now owns 591 shares of the business services provider’s stock worth $305,000 after acquiring an additional 62 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Up 0.1 %

S&P Global stock opened at $497.62 on Monday. 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 Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The stock’s 50 day simple moving average is $513.85 and its two-hundred day simple moving average is $510.40. The firm has a market cap of $153.17 billion, a PE ratio of 40.29, a P/E/G ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced its 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 return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the prior year, the business posted $3.13 earnings per share. Analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 0.77%. 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 presently 31.09%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SPGI shares. Evercore ISI boosted their price target on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Morgan Stanley upped their target price on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Oppenheimer dropped their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. BMO Capital Markets upped their target price on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, Mizuho initiated coverage on S&P Global in a research report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.