S&P Global Inc. (NYSE:SPGI) Shares Sold by Skylands Capital LLC

Skylands Capital LLC decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 7.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,965 shares of the business services provider’s stock after selling 150 shares during the quarter. Skylands Capital LLC’s holdings in S&P Global were worth $979,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SPGI. Headinvest LLC grew its stake in S&P Global by 2.0% in the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock valued at $515,000 after acquiring an additional 20 shares during the period. EWA LLC lifted its holdings in S&P Global by 4.2% during the third quarter. EWA LLC now owns 498 shares of the business services provider’s stock valued at $254,000 after purchasing an additional 20 shares in the last quarter. Continuum Advisory LLC grew its position in shares of S&P Global by 1.3% in the third quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock valued at $788,000 after purchasing an additional 20 shares during the period. Fullcircle Wealth LLC increased its stake in shares of S&P Global by 1.2% during the third quarter. Fullcircle Wealth LLC now owns 1,789 shares of the business services provider’s stock worth $872,000 after purchasing an additional 21 shares in the last quarter. Finally, Archer Investment Corp raised its position in shares of S&P Global by 21.0% during the 3rd quarter. Archer Investment Corp now owns 127 shares of the business services provider’s stock worth $66,000 after purchasing an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SPGI. Stifel Nicolaus lifted their price objective on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Company increased their price objective on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Citigroup began coverage on shares of S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Finally, BMO Capital Markets upped their target price on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and an average target price of $590.23.

S&P Global Stock Performance

S&P Global stock opened at $533.05 on Monday. The firm has a 50 day simple moving average of $510.08 and a 200-day simple moving average of $509.45. The stock has a market cap of $164.07 billion, a price-to-earnings ratio of 43.16, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period in the previous year, the firm earned $3.13 EPS. On average, analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm 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. The ex-dividend date of this dividend is Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.72%. S&P Global’s dividend payout ratio is currently 31.09%.

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.