WealthShield Partners LLC Cuts Stock Holdings in S&P Global Inc. (NYSE:SPGI)

WealthShield Partners LLC lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,621 shares of the business services provider’s stock after selling 30 shares during the period. WealthShield Partners LLC’s holdings in S&P Global were worth $2,301,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SPGI. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in S&P Global during the third quarter worth approximately $224,976,000. FMR LLC raised its stake in S&P Global by 6.6% during the third 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 during the period. Union Bancaire Privee UBP SA purchased a new position in S&P Global during the fourth quarter worth approximately $144,091,000. Wellington Management Group LLP raised its stake in S&P Global by 3.4% during the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after purchasing an additional 292,436 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in S&P Global by 52.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 720,517 shares of the business services provider’s stock worth $358,839,000 after purchasing an additional 249,242 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on SPGI. BMO Capital Markets raised their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. UBS Group raised their target price on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. StockNews.com downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Company raised their target price on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Finally, Oppenheimer cut 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 note on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $590.23.

S&P Global Trading Down 0.4 %

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

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

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a $0.96 dividend. The ex-dividend date is Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.72%. S&P Global’s dividend payout ratio (DPR) is currently 31.09%.

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.