Perigon Wealth Management LLC Lowers Holdings in S&P Global Inc. (NYSE:SPGI)

Perigon Wealth Management LLC trimmed its position in S&P Global Inc. (NYSE:SPGI) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,507 shares of the business services provider’s stock after selling 157 shares during the period. Perigon Wealth Management LLC’s holdings in S&P Global were worth $2,277,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new position in S&P Global in the 3rd quarter valued at $27,000. First Personal Financial Services purchased a new position in S&P Global in the 3rd quarter valued at $29,000. Capital Performance Advisors LLP purchased a new position in S&P Global in the 3rd quarter valued at $31,000. Voisard Asset Management Group Inc. grew its position in S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after buying an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC grew its position in S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after buying an additional 34 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SPGI has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company decreased their target price on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Citigroup initiated coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Oppenheimer decreased their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Finally, Evercore ISI initiated coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price on the stock. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Trading Down 0.6 %

Shares of SPGI stock opened at $517.31 on Thursday. The firm has a 50-day moving average price of $505.75 and a 200 day moving average price of $503.99. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The company has a market capitalization of $160.52 billion, a price-to-earnings ratio of 45.66, a PEG ratio of 2.36 and a beta of 1.20. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global Increases Dividend

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

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.