S&P Global Inc. (NYSE:SPGI) Shares Sold by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,070 shares of the business services provider’s stock after selling 50 shares during the period. Schmidt P J Investment Management Inc.’s holdings in S&P Global were worth $1,031,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. First National Corp MA ADV lifted its stake in shares of S&P Global by 0.9% during the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock worth $1,211,000 after purchasing an additional 20 shares during the period. Kathleen S. Wright Associates Inc. increased its stake in S&P Global by 25.0% in the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 20 shares during the last quarter. Trust Point Inc. lifted its position in S&P Global by 1.4% during the third quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock worth $725,000 after buying an additional 20 shares during the period. Headinvest LLC lifted its position in S&P Global by 2.0% during the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after buying an additional 20 shares during the period. Finally, EWA LLC boosted its stake in S&P Global by 4.2% in the 3rd quarter. EWA LLC now owns 498 shares of the business services provider’s stock worth $254,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Citigroup began coverage on shares of S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. JPMorgan Chase & Co. cut 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. BMO Capital Markets increased their price target on S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. Morgan Stanley upped their target price on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Oppenheimer reduced their price target 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. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Stock Down 0.0 %

NYSE:SPGI opened at $513.65 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $159.39 billion, a price-to-earnings ratio of 45.34, a price-to-earnings-growth ratio of 2.40 and a beta of 1.20. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The stock has a 50-day simple moving average of $506.19 and a 200 day simple moving average of $505.17.

S&P Global Increases Dividend

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

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.