S&P Global Inc. (NYSE:SPGI) Shares Sold by Alerus Financial NA

Alerus Financial NA lowered its holdings in S&P Global Inc. (NYSE:SPGI) by 13.0% in the fourth quarter, HoldingsChannel reports. The firm owned 13,566 shares of the business services provider’s stock after selling 2,035 shares during the quarter. Alerus Financial NA’s holdings in S&P Global were worth $6,756,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Human Investing LLC purchased a new stake in shares of S&P Global in the fourth quarter valued at $30,000. Noble Wealth Management PBC acquired a new position in shares of S&P Global in the 4th quarter valued at about $31,000. Dunhill Financial LLC lifted 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 purchasing an additional 34 shares during the last quarter. Sound Income Strategies LLC raised its stake in shares of S&P Global by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 63 shares in the last quarter. Finally, BankPlus Trust Department acquired a new position in S&P Global in the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 0.2 %

SPGI stock opened at $508.95 on Friday. The stock has a 50-day simple moving average of $515.19 and a two-hundred day simple moving average of $510.30. 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 firm has a market capitalization of $156.66 billion, a PE ratio of 41.21, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share 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 last year, the firm posted $3.13 earnings per share. On average, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.75%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is currently 31.09%.

Analysts Set New Price Targets

SPGI has been the topic of several recent analyst reports. Evercore ISI boosted their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Morgan Stanley upped their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. UBS Group increased their price target on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report 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, February 20th. Finally, Mizuho began coverage on S&P Global in a report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $590.86.

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.