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

Bridges Investment Management Inc. decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 201,986 shares of the business services provider’s stock after selling 4,084 shares during the period. S&P Global makes up approximately 1.4% of Bridges Investment Management Inc.’s holdings, making the stock its 18th largest position. Bridges Investment Management Inc. owned approximately 0.07% of S&P Global worth $100,595,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. First Personal Financial Services acquired a new position in S&P Global in the 3rd quarter worth $29,000. Human Investing LLC acquired a new stake in S&P Global during the fourth quarter valued at approximately $30,000. Capital Performance Advisors LLP purchased a new stake in shares of S&P Global in the 3rd quarter valued at approximately $31,000. Noble Wealth Management PBC acquired a new position in S&P Global in the 4th quarter valued at approximately $31,000. Finally, Dunhill Financial LLC increased its stake in shares of 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 purchasing an additional 34 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SPGI shares. Evercore ISI raised their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Oppenheimer cut their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. BMO Capital Markets lifted their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Wells Fargo & Company raised 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. Finally, Morgan Stanley lifted their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $590.23.

S&P Global Trading Up 1.7 %

SPGI stock opened at $534.09 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $164.39 billion, a PE ratio of 43.25, a P/E/G ratio of 2.41 and a beta of 1.20. The firm’s 50-day moving average is $513.75 and its 200 day moving average is $510.82. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating the consensus estimate 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 business posted $3.13 earnings per share. On average, research analysts anticipate that S&P Global Inc. will post 17.11 EPS 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 paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.72%. 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 dividend payout ratio is presently 31.09%.

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.