Shelton Capital Management Reduces Holdings in S&P Global Inc. (NYSE:SPGI)

Shelton Capital Management lowered its stake in S&P Global Inc. (NYSE:SPGI) by 0.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,008 shares of the business services provider’s stock after selling 34 shares during the quarter. Shelton Capital Management’s holdings in S&P Global were worth $3,988,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of SPGI. Norges Bank purchased a new stake in S&P Global in the fourth quarter valued at approximately $1,725,084,000. Raymond James Financial Inc. purchased a new stake in shares of S&P Global during the 4th quarter valued at $527,207,000. Proficio Capital Partners LLC raised its position in shares of S&P Global by 71,024.1% in the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock worth $308,525,000 after buying an additional 618,620 shares during the period. Union Bancaire Privee UBP SA acquired a new position in S&P Global in the fourth quarter valued at $144,091,000. Finally, Robeco Institutional Asset Management B.V. grew its position in S&P Global by 52.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 720,517 shares of the business services provider’s stock valued at $358,839,000 after acquiring an additional 249,242 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

SPGI has been the topic of several research analyst reports. Oppenheimer reduced their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Wells Fargo & Company raised their target price on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. BMO Capital Markets upped their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. UBS Group raised their price objective on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, Citigroup assumed coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $590.86.

S&P Global Stock Performance

Shares of SPGI stock opened at $441.11 on Wednesday. The stock has a market capitalization of $138.44 billion, a price-to-earnings ratio of 35.72, a PEG ratio of 2.41 and a beta of 1.26. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The company’s 50-day simple moving average is $508.92 and its 200-day simple moving average is $507.49. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS 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 period last year, the business posted $3.13 earnings per share. Equities 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a $0.96 dividend. The ex-dividend date of this dividend was 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 0.87%. S&P Global’s payout ratio is 31.09%.

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.