Yousif Capital Management LLC Sells 1,592 Shares of S&P Global Inc. (NYSE:SPGI)

Yousif Capital Management LLC decreased its position in S&P Global Inc. (NYSE:SPGI) by 2.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 59,148 shares of the business services provider’s stock after selling 1,592 shares during the period. Yousif Capital Management LLC’s holdings in S&P Global were worth $29,458,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Northwest Investment Counselors LLC bought a new position in shares of S&P Global during the 3rd quarter worth $27,000. First Personal Financial Services purchased a new stake in S&P Global during the third quarter valued at about $29,000. Capital Performance Advisors LLP bought a new position in S&P Global during the third quarter worth about $31,000. Voisard Asset Management Group Inc. increased its stake in shares of S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after purchasing an additional 27 shares in the last quarter. Finally, Dunhill Financial LLC raised its position in shares of 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 purchasing an additional 34 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Trading Down 0.9 %

Shares of S&P Global stock opened at $513.59 on Wednesday. The company has a 50 day simple moving average of $506.36 and a two-hundred day simple moving average of $504.93. The firm has a market cap of $159.37 billion, a PE ratio of 45.33, a PEG ratio of 2.40 and a beta of 1.20. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued 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 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Wednesday, February 26th. S&P Global’s payout ratio is currently 32.13%.

Analysts Set New Price Targets

Several research firms recently commented on SPGI. JPMorgan Chase & Co. cut their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. BMO Capital Markets lifted their price target on S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. Oppenheimer dropped 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. Robert W. Baird lifted their target price on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Morgan Stanley increased their price target on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $584.54.

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.