Twin Tree Management LP Lowers Holdings in S&P Global Inc. (NYSE:SPGI)

Twin Tree Management LP decreased its position in S&P Global Inc. (NYSE:SPGI) by 98.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 83 shares of the business services provider’s stock after selling 6,847 shares during the period. Twin Tree Management LP’s holdings in S&P Global were worth $41,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Human Investing LLC purchased a new stake in S&P Global during the fourth quarter worth $30,000. Noble Wealth Management PBC purchased a new stake in S&P Global during the fourth quarter worth $31,000. Dunhill Financial LLC lifted its holdings in S&P Global by 94.4% during the third 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. Sound Income Strategies LLC lifted its holdings in S&P Global by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after buying an additional 63 shares during the period. Finally, BankPlus Trust Department purchased a new stake in S&P Global during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

NYSE SPGI opened at $495.40 on Thursday. 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 stock’s fifty day moving average price is $513.53 and its 200 day moving average price is $510.62. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The company has a market cap of $152.48 billion, a price-to-earnings ratio of 40.11, a PEG ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period in the prior year, the business posted $3.13 EPS. As a group, equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.78%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. S&P Global’s dividend payout ratio is presently 31.09%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SPGI shares. Wells Fargo & Company upped their target price on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Oppenheimer lowered their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Mizuho assumed coverage on S&P Global in a research report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price target on the stock. Finally, Evercore ISI upped their price target on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and an average target price of $590.86.

S&P Global 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.