Sompo Asset Management Co. Ltd. Trims Stock Position in S&P Global Inc. (NYSE:SPGI)

Sompo Asset Management Co. Ltd. decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,723 shares of the business services provider’s stock after selling 440 shares during the quarter. S&P Global makes up approximately 1.3% of Sompo Asset Management Co. Ltd.’s holdings, making the stock its 17th largest holding. Sompo Asset Management Co. Ltd.’s holdings in S&P Global were worth $7,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Private Wealth Management Group LLC purchased a new position in shares of S&P Global in the 4th quarter worth about $26,000. Valued Wealth Advisors LLC purchased a new stake in S&P Global during the fourth quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group increased its position in shares of S&P Global by 64.1% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after acquiring an additional 25 shares in the last quarter. LFA Lugano Financial Advisors SA raised its stake in shares of S&P Global by 200.0% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 50 shares during the period. Finally, Frazier Financial Advisors LLC acquired a new position in shares of S&P Global during the 4th quarter valued at $36,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

SPGI traded down $5.92 during trading hours on Friday, hitting $428.74. The company’s stock had a trading volume of 810,159 shares, compared to its average volume of 1,050,591. The company has a 50-day simple moving average of $426.23 and a 200 day simple moving average of $429.52. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $134.15 billion, a PE ratio of 48.07, a PEG ratio of 2.38 and a beta of 1.15. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $461.16.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. As a group, sell-side analysts expect that S&P Global Inc. will post 14.1 EPS for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $3.64 annualized dividend and a yield of 0.85%. S&P Global’s dividend payout ratio is currently 40.81%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SPGI shares. Barclays raised their price target on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Oppenheimer lifted their price target on shares of S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Stifel Nicolaus upped their price target on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a research report on Friday, May 24th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $467.89.

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.