S&P Global Inc. (NYSE:SPGI) Shares Sold by Mattern Capital Management LLC

Mattern Capital Management LLC decreased its stake in S&P Global Inc. (NYSE:SPGI) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,219 shares of the business services provider’s stock after selling 175 shares during the period. S&P Global makes up 1.4% of Mattern Capital Management LLC’s investment portfolio, making the stock its 14th largest holding. Mattern Capital Management LLC’s holdings in S&P Global were worth $10,568,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. ING Groep NV acquired a new position in S&P Global during the fourth quarter worth about $7,146,000. Flossbach Von Storch SE raised its position in S&P Global by 1.2% during the fourth quarter. Flossbach Von Storch SE now owns 724,465 shares of the business services provider’s stock worth $360,805,000 after acquiring an additional 8,549 shares during the last quarter. Boston Financial Mangement LLC raised its position in S&P Global by 5.2% during the fourth quarter. Boston Financial Mangement LLC now owns 7,933 shares of the business services provider’s stock worth $3,951,000 after acquiring an additional 390 shares during the last quarter. First Bank & Trust raised its position in S&P Global by 3.9% during the fourth quarter. First Bank & Trust now owns 4,024 shares of the business services provider’s stock worth $2,004,000 after acquiring an additional 150 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its position in S&P Global by 9.4% during the fourth quarter. Concurrent Investment Advisors LLC now owns 7,952 shares of the business services provider’s stock worth $3,961,000 after acquiring an additional 685 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

S&P Global stock opened at $536.21 on Friday. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The firm has a 50 day moving average price of $509.53 and a 200 day moving average price of $508.60. The company has a market cap of $165.05 billion, a price-to-earnings ratio of 43.42, a PEG ratio of 2.44 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the business earned $3.13 earnings per share. Sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s payout ratio is currently 29.47%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Tuesday. BMO Capital Markets boosted their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Wells Fargo & Company boosted their price objective on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Evercore ISI boosted their price objective on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $590.23.

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.