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

Round Hill Asset Management trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 29,292 shares of the business services provider’s stock after selling 250 shares during the period. S&P Global accounts for about 10.3% of Round Hill Asset Management’s investment portfolio, making the stock its biggest holding. Round Hill Asset Management’s holdings in S&P Global were worth $14,588,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SPGI. Human Investing LLC purchased a new stake in S&P Global during the fourth quarter worth about $30,000. Noble Wealth Management PBC purchased a new position in S&P Global in the fourth quarter valued at about $31,000. Hazlett Burt & Watson Inc. lifted its position in shares of S&P Global by 131.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 38 shares during the period. Dunhill Financial LLC boosted its stake 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 acquiring an additional 34 shares in the last quarter. Finally, Sound Income Strategies LLC grew its holdings in shares of S&P Global by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after acquiring an additional 63 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SPGI. Wells Fargo & Company boosted 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. Oppenheimer decreased their price objective on shares of 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 raised their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Citigroup initiated coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. Finally, Mizuho assumed coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price objective for the company. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $590.86.

S&P Global Price Performance

SPGI opened at $451.47 on Monday. S&P Global Inc. has a 1 year low of $405.23 and a 1 year high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The company’s 50 day simple moving average is $513.70 and its 200 day simple moving average is $509.15. The stock has a market capitalization of $141.69 billion, a PE ratio of 36.56, a P/E/G ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating 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 previous year, the firm posted $3.13 earnings per share. As a group, sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. 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 0.85%. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global’s payout ratio is currently 31.09%.

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.