Kintegral Advisory LLC Sells 879 Shares of S&P Global Inc. (NYSE:SPGI)

Kintegral Advisory LLC reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 4.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,847 shares of the business services provider’s stock after selling 879 shares during the quarter. S&P Global comprises 0.9% of Kintegral Advisory LLC’s holdings, making the stock its 23rd biggest position. Kintegral Advisory LLC’s holdings in S&P Global were worth $9,386,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SPGI. First Personal Financial Services acquired a new stake in shares of S&P Global in the 3rd quarter valued at approximately $29,000. Human Investing LLC bought a new stake in S&P Global in the 4th quarter valued at $30,000. Capital Performance Advisors LLP bought a new position in S&P Global during the 3rd quarter worth $31,000. Voisard Asset Management Group Inc. increased its position in S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after buying an additional 27 shares during the period. Finally, Dunhill Financial LLC increased its position 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 buying an additional 34 shares during the period. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

Shares of SPGI opened at $533.05 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’s fifty day moving average price is $510.08 and its 200-day moving average price is $509.03. The firm has a market capitalization of $164.07 billion, a PE ratio of 43.16, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping 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 prior year, the firm earned $3.13 EPS. On average, equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given 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 an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is presently 29.47%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SPGI shares. Wells Fargo & Company raised their price target on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Evercore ISI lifted their price target on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday. Robert W. Baird lifted their price objective on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. lowered their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $590.23.

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.