Great Lakes Advisors LLC Sells 29,374 Shares of S&P Global Inc. (NYSE:SPGI)

Great Lakes Advisors LLC decreased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 24.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 92,077 shares of the business services provider’s stock after selling 29,374 shares during the period. Great Lakes Advisors LLC’s holdings in S&P Global were worth $45,857,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Human Investing LLC acquired a new position in shares of S&P Global during the 4th quarter worth approximately $30,000. Capital Performance Advisors LLP bought a new position in S&P Global during the 3rd quarter worth $31,000. Noble Wealth Management PBC bought a new position in S&P Global during the 4th quarter worth $31,000. Dunhill Financial LLC increased its stake in S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after acquiring an additional 34 shares during the period. Finally, Sound Income Strategies LLC increased its stake in 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 worth $36,000 after acquiring an additional 63 shares during the period. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SPGI. Oppenheimer cut their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Citigroup began coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective on the stock. Wells Fargo & Company raised their price objective on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Morgan Stanley raised their price objective on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Finally, StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $590.23.

S&P Global Stock Performance

SPGI stock opened at $480.51 on Wednesday. The stock has a 50-day moving average price of $514.52 and a 200-day moving average price of $511.46. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm has a market cap of $147.90 billion, a PE ratio of 38.91, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period last year, the firm posted $3.13 earnings per share. As a group, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.80%. This is a positive change 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 presently 31.09%.

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.