Geneva Partners LLC Has $2.46 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Geneva Partners LLC trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 14.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,934 shares of the business services provider’s stock after selling 809 shares during the period. S&P Global makes up approximately 1.0% of Geneva Partners LLC’s investment portfolio, making the stock its 28th largest position. Geneva Partners LLC’s holdings in S&P Global were worth $2,457,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Nordea Investment Management AB boosted its stake in shares of S&P Global by 52.0% during the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after buying an additional 225,370 shares during the period. GDS Wealth Management increased its stake in shares of S&P Global by 7.0% during the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock worth $14,134,000 after purchasing an additional 1,801 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of S&P Global by 12.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after purchasing an additional 3,093 shares during the last quarter. Eastern Bank boosted its holdings in S&P Global by 3.1% in the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock worth $24,980,000 after purchasing an additional 1,530 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in S&P Global during the third quarter worth $27,170,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

SPGI stock opened at $513.65 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The firm has a market cap of $159.39 billion, a P/E ratio of 45.34, a P/E/G ratio of 2.40 and a beta of 1.20. The company’s 50-day moving average price is $506.01 and its two-hundred day moving average price is $505.23.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a $0.96 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio is currently 32.13%.

Analysts Set New Price Targets

Several brokerages recently commented on SPGI. Citigroup began coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. Stifel Nicolaus lifted their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Oppenheimer lowered their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. JPMorgan Chase & Co. lowered their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, BMO Capital Markets raised their price target on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $584.54.

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.