US Bancorp DE Sells 16,525 Shares of S&P Global Inc. (NYSE:SPGI)

US Bancorp DE cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 268,136 shares of the business services provider’s stock after selling 16,525 shares during the period. US Bancorp DE owned approximately 0.09% of S&P Global worth $133,542,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. SVB Wealth LLC bought a new stake in shares of S&P Global during the fourth quarter worth about $2,283,000. Flputnam Investment Management Co. increased its position in shares of S&P Global by 1.3% during the fourth quarter. Flputnam Investment Management Co. now owns 2,577 shares of the business services provider’s stock worth $1,283,000 after acquiring an additional 34 shares in the last quarter. Milestones Administradora de Recursos Ltda. increased its position in shares of S&P Global by 77.9% during the fourth quarter. Milestones Administradora de Recursos Ltda. now owns 4,145 shares of the business services provider’s stock worth $2,064,000 after acquiring an additional 1,815 shares in the last quarter. Private Trust Co. NA increased its position in shares of S&P Global by 1.2% during the fourth quarter. Private Trust Co. NA now owns 3,755 shares of the business services provider’s stock worth $1,870,000 after acquiring an additional 43 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of S&P Global by 2.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock worth $515,000 after acquiring an additional 20 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. UBS Group boosted their price target on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Evercore ISI boosted 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. Citigroup assumed coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price target on the stock. Finally, Wells Fargo & Company boosted their price target on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $590.23.

S&P Global Stock Up 1.7 %

SPGI opened at $534.09 on Friday. 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 stock has a market cap of $164.39 billion, a price-to-earnings ratio of 43.25, 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. The company’s 50-day moving average price is $513.75 and its two-hundred day moving average price is $510.67.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 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 quarter in the previous year, the company posted $3.13 EPS. As a group, equities analysts expect 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 declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. This is a boost 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 0.72%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio is presently 31.09%.

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.