Alliancebernstein L.P. Has $276.80 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Alliancebernstein L.P. reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 555,781 shares of the business services provider’s stock after selling 18,530 shares during the quarter. Alliancebernstein L.P.’s holdings in S&P Global were worth $276,796,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Human Investing LLC acquired a new position in S&P Global during the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC acquired a new position in shares of S&P Global during the 4th quarter worth $31,000. Hazlett Burt & Watson Inc. lifted its position in shares of S&P Global by 131.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock worth $32,000 after buying an additional 38 shares during the last quarter. Dunhill Financial LLC boosted its stake in S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after buying an additional 34 shares in the last quarter. Finally, Sound Income Strategies LLC grew its holdings in shares of S&P Global by 700.0% during the 4th 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 during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 1.2 %

S&P Global stock opened at $508.48 on Tuesday. The company has a market capitalization of $159.58 billion, a PE ratio of 41.17, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. The firm’s fifty day moving average is $515.34 and its 200 day moving average is $510.02. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

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

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is 31.09%.

Analysts Set New Price Targets

SPGI has been the topic of a number of research reports. UBS Group boosted their price objective on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Evercore ISI lifted their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. BMO Capital Markets increased their price objective on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Wells Fargo & Company increased their price target 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. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, S&P Global 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.