S&P Global Inc. (NYSE:SPGI) Shares Sold by Savvy Advisors Inc.

Savvy Advisors Inc. lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 513 shares of the business services provider’s stock after selling 39 shares during the quarter. Savvy Advisors Inc.’s holdings in S&P Global were worth $255,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Human Investing LLC purchased a new stake in shares of S&P Global during the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC purchased a new position in S&P Global in the 4th quarter valued at about $31,000. Hazlett Burt & Watson Inc. grew its stake in shares of S&P Global by 131.0% during the fourth 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 in the last quarter. Sound Income Strategies LLC grew its stake in shares of S&P Global by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 63 shares in the last quarter. Finally, BankPlus Trust Department purchased a new stake in shares of S&P Global during the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $470.78 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average price is $503.02 and its two-hundred day moving average price is $505.60. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39. The stock has a market capitalization of $147.75 billion, a P/E ratio of 38.12, a P/E/G ratio of 2.41 and a beta of 1.26.

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

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.82%. S&P Global’s payout ratio is 31.09%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SPGI. Evercore ISI raised their price objective on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Wells Fargo & Company raised their price target on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Bank of America initiated coverage on shares of S&P Global in a report on Thursday, April 10th. They issued a “buy” rating and a $600.00 price target on the stock. Oppenheimer decreased their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, BMO Capital Markets upped their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $595.14.

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.