Schechter Investment Advisors LLC Sells 206 Shares of S&P Global Inc. (NYSE:SPGI)

Schechter Investment Advisors LLC reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,697 shares of the business services provider’s stock after selling 206 shares during the quarter. Schechter Investment Advisors LLC’s holdings in S&P Global were worth $1,841,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. First Personal Financial Services purchased a new position in shares of S&P Global during the 3rd quarter valued at $29,000. Human Investing LLC purchased a new stake in shares of S&P Global in the fourth quarter worth about $30,000. Capital Performance Advisors LLP bought a new position in S&P Global in the 3rd quarter valued at $31,000. Noble Wealth Management PBC bought a new stake in S&P Global during the fourth quarter valued at $31,000. Finally, Dunhill Financial LLC boosted its position in shares of S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 34 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on SPGI. BMO Capital Markets increased their price target 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. Citigroup assumed coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. Evercore ISI lifted their price target on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. UBS Group increased their price objective on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Three 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, S&P Global has a consensus rating of “Moderate Buy” and an average target price of $590.23.

S&P Global Trading Down 0.9 %

Shares of SPGI opened at $528.98 on Tuesday. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average price is $514.36 and its 200-day moving average price is $511.20. The firm has a market capitalization of $162.82 billion, a price-to-earnings ratio of 42.83, a PEG ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping 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 quarter in the prior year, the business posted $3.13 EPS. Sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business 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 dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is 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.