S&P Global Inc. (NYSE:SPGI) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.4% during the 4th quarter, HoldingsChannel reports. The firm owned 5,531 shares of the business services provider’s stock after selling 134 shares during the quarter. Parallel Advisors LLC’s holdings in S&P Global were worth $2,755,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Human Investing LLC purchased a new position in S&P Global during the fourth quarter worth about $30,000. Noble Wealth Management PBC purchased a new stake in shares of S&P Global during the 4th quarter valued at approximately $31,000. Dunhill Financial LLC lifted its holdings in S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 34 shares during the last quarter. Sound Income Strategies LLC grew its position in S&P Global by 700.0% in the fourth 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. Finally, BankPlus Trust Department acquired a new stake in S&P Global during the fourth quarter worth $40,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SPGI. Citigroup assumed coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price target for the company. UBS Group upped their price target on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. BMO Capital Markets increased their target price on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Morgan Stanley lifted their target price on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Finally, StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $590.86.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $494.38 on Tuesday. The company’s fifty day moving average price is $513.56 and its 200 day moving average price is $510.89. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The firm has a market capitalization of $152.17 billion, a P/E ratio of 40.03, a P/E/G ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced its 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 period in the previous year, the business posted $3.13 EPS. As a group, sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.78%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s 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.