C WorldWide Group Holding A S Cuts Position in S&P Global Inc. (NYSE:SPGI)

C WorldWide Group Holding A S cut its stake in S&P Global Inc. (NYSE:SPGI) by 7.8% in the 4th quarter, Holdings Channel reports. The fund owned 696,976 shares of the business services provider’s stock after selling 59,176 shares during the quarter. S&P Global comprises about 4.2% of C WorldWide Group Holding A S’s holdings, making the stock its 11th largest position. C WorldWide Group Holding A S’s holdings in S&P Global were worth $347,115,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Headinvest LLC raised its position in S&P Global by 2.0% in the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after acquiring an additional 20 shares during the period. EWA LLC raised its position in S&P Global by 4.2% in the third quarter. EWA LLC now owns 498 shares of the business services provider’s stock worth $254,000 after acquiring an additional 20 shares during the period. Continuum Advisory LLC raised its position in S&P Global by 1.3% in the third quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock worth $788,000 after acquiring an additional 20 shares during the period. Fullcircle Wealth LLC raised its position in S&P Global by 1.2% in the third quarter. Fullcircle Wealth LLC now owns 1,789 shares of the business services provider’s stock worth $872,000 after acquiring an additional 21 shares during the period. Finally, Archer Investment Corp raised its position in S&P Global by 21.0% in the third quarter. Archer Investment Corp now owns 127 shares of the business services provider’s stock worth $66,000 after acquiring an additional 22 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $533.05 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $164.07 billion, a P/E ratio of 43.16, a P/E/G ratio of 2.41 and a beta of 1.20. The firm’s fifty day moving average is $510.08 and its two-hundred day moving average is $509.45. S&P Global Inc. has a 52-week low of $407.69 and a 52-week 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, 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 prior year, the company posted $3.13 EPS. As a group, analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a $0.96 dividend. This is a boost 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 0.72%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is presently 31.09%.

Analysts Set New Price Targets

Several research analysts have weighed in on SPGI shares. Morgan Stanley increased 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. StockNews.com downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday. UBS Group raised their price objective on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Citigroup began coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective on the stock. Finally, BMO Capital Markets raised their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus 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.