Sfmg LLC Sells 61 Shares of S&P Global Inc. (NYSE:SPGI)

Sfmg LLC lessened its position in S&P Global Inc. (NYSE:SPGI) by 10.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 514 shares of the business services provider’s stock after selling 61 shares during the quarter. Sfmg LLC’s holdings in S&P Global were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in shares of S&P Global by 13.2% in the 3rd quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock valued at $2,769,787,000 after purchasing an additional 881,215 shares during the period. Morgan Stanley lifted its stake in shares of S&P Global by 8.2% in the 3rd quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock valued at $2,067,807,000 after purchasing an additional 428,737 shares during the period. Northern Trust Corp raised its stake in S&P Global by 39.5% during the first quarter. Northern Trust Corp now owns 3,727,874 shares of the business services provider’s stock valued at $1,529,100,000 after buying an additional 1,056,097 shares during the last quarter. Norges Bank purchased a new position in S&P Global during the fourth quarter valued at $1,112,935,000. Finally, Nuveen Asset Management LLC raised its stake in S&P Global by 22.7% during the second quarter. Nuveen Asset Management LLC now owns 2,881,232 shares of the business services provider’s stock valued at $1,155,057,000 after buying an additional 533,417 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling

In related news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the sale, the chief executive officer now directly owns 162,530 shares in the company, valued at $69,032,992.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is owned by company insiders.

S&P Global Stock Performance

NYSE SPGI opened at $412.11 on Thursday. The firm has a market cap of $131.98 billion, a price-to-earnings ratio of 50.07, a price-to-earnings-growth ratio of 2.31 and a beta of 1.15. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average price of $425.70 and a 200-day moving average price of $415.27. S&P Global Inc. has a twelve month low of $338.92 and a twelve month high of $461.16.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. S&P Global’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.54 earnings per share. As a group, equities research analysts predict that S&P Global Inc. will post 14.03 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 27th were given a $0.91 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.90. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Monday, February 26th. S&P Global’s payout ratio is currently 44.23%.

Analyst Ratings Changes

A number of research analysts have issued reports on SPGI shares. Barclays lifted their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Oppenheimer reiterated an “outperform” rating and set a $480.00 price objective on shares of S&P Global in a research note on Tuesday, April 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a research note on Friday, February 9th. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Finally, Raymond James lifted their price objective on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $464.22.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.