S&P Global Inc. (NYSE:SPGI) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 368,885 shares of the business services provider’s stock after selling 8,184 shares during the quarter. Sei Investments Co. owned 0.12% of S&P Global worth $183,718,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in shares of S&P Global during the 4th quarter worth about $527,207,000. Proficio Capital Partners LLC boosted its position in shares of S&P Global by 71,024.1% during the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock worth $308,525,000 after acquiring an additional 618,620 shares in the last quarter. FMR LLC boosted its position in shares of S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after acquiring an additional 369,598 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of S&P Global during the 4th quarter worth about $144,091,000. Finally, Wellington Management Group LLP boosted its position in shares of S&P Global by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after acquiring an additional 292,436 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SPGI has been the subject of several analyst reports. Wells Fargo & Company upped their price objective on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. BMO Capital Markets boosted their target price on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Citigroup assumed coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. Evercore ISI boosted their target price on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Finally, UBS Group boosted their target price on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $590.86.

S&P Global Stock Up 0.1 %

SPGI opened at $497.62 on Friday. The business has a 50 day moving average price of $513.85 and a two-hundred day moving average price of $510.42. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The company has a market cap of $153.17 billion, a PE ratio of 40.29, a P/E/G ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating the consensus estimate 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 firm posted $3.13 earnings per share. As a group, research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.77%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. S&P Global’s dividend payout ratio is 31.09%.

S&P Global Company 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.