Pinnacle Wealth Planning Services Inc. Reduces Stock Position in S&P Global Inc. (NYSE:SPGI)

Pinnacle Wealth Planning Services Inc. lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 21.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,272 shares of the business services provider’s stock after selling 615 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in S&P Global were worth $1,132,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB boosted its position in S&P Global by 52.0% during the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after buying an additional 225,370 shares during the period. GDS Wealth Management boosted its position in S&P Global by 7.0% during the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after buying an additional 1,801 shares during the period. Sanctuary Advisors LLC lifted its position in shares of S&P Global by 12.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock worth $14,198,000 after purchasing an additional 3,093 shares during the period. Eastern Bank lifted its position in shares of S&P Global by 3.1% in the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock worth $24,980,000 after purchasing an additional 1,530 shares during the period. Finally, Oddo BHF Asset Management Sas purchased a new stake in shares of S&P Global in the 3rd quarter worth about $27,170,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 1.3 %

SPGI opened at $523.27 on Thursday. 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 has a 50 day moving average price of $514.96 and a 200-day moving average price of $511.46. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The stock has a market capitalization of $161.06 billion, a price-to-earnings ratio of 42.37, a PEG ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share 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 business earned $3.13 earnings per share. Equities research analysts forecast 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 will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.73%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s payout ratio is 31.09%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SPGI shares. StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Morgan Stanley raised their target price 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. BMO Capital Markets raised their target price 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. Citigroup began coverage on shares of 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. Finally, UBS Group increased their price target on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.