Financial Advocates Investment Management Sells 44 Shares of S&P Global Inc. (NYSE:SPGI)

Financial Advocates Investment Management cut its stake in S&P Global Inc. (NYSE:SPGI) by 2.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,804 shares of the business services provider’s stock after selling 44 shares during the period. Financial Advocates Investment Management’s holdings in S&P Global were worth $898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of SPGI. Wellington Management Group LLP grew its stake in shares of S&P Global by 3.4% in the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after acquiring an additional 292,436 shares in the last quarter. Geode Capital Management LLC boosted its holdings in S&P Global by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock valued at $3,332,016,000 after purchasing an additional 113,146 shares during the period. FMR LLC grew its position in shares of S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after purchasing an additional 369,598 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of S&P Global by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock worth $1,401,909,000 after purchasing an additional 28,458 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of S&P Global by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,936,697 shares of the business services provider’s stock valued at $1,000,536,000 after buying an additional 26,300 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SPGI shares. UBS Group increased their price target on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Robert W. Baird raised their price target on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Citigroup initiated coverage on shares of S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 price objective on the stock. Finally, Wells Fargo & Company dropped their target price on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Stock Down 0.0 %

Shares of SPGI opened at $519.00 on Friday. The stock has a market capitalization of $161.05 billion, a price-to-earnings ratio of 45.81, a PEG ratio of 2.40 and a beta of 1.20. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a fifty day moving average of $505.92 and a 200-day moving average of $505.32.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s payout ratio is 32.13%.

S&P Global 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.