Troy Asset Management Ltd Cuts Stake in S&P Global Inc. (NYSE:SPGI)

Troy Asset Management Ltd lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,258 shares of the business services provider’s stock after selling 4,546 shares during the period. Troy Asset Management Ltd’s holdings in S&P Global were worth $16,563,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Howard Capital Management Group LLC increased its stake in S&P Global by 3.2% during the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock valued at $471,000 after purchasing an additional 28 shares in the last quarter. Larson Financial Group LLC increased its position in shares of S&P Global by 471.1% in the 3rd quarter. Larson Financial Group LLC now owns 217 shares of the business services provider’s stock valued at $112,000 after acquiring an additional 179 shares during the period. Fisher Asset Management LLC raised its stake in S&P Global by 8.2% in the 3rd quarter. Fisher Asset Management LLC now owns 6,519 shares of the business services provider’s stock worth $3,368,000 after acquiring an additional 492 shares during the last quarter. CreativeOne Wealth LLC lifted its position in S&P Global by 53.3% during the 3rd quarter. CreativeOne Wealth LLC now owns 1,410 shares of the business services provider’s stock worth $729,000 after acquiring an additional 490 shares during the period. Finally, Financial Counselors Inc. grew its stake in S&P Global by 14.5% during the 3rd quarter. Financial Counselors Inc. now owns 12,602 shares of the business services provider’s stock valued at $6,510,000 after purchasing an additional 1,599 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SPGI. Mizuho initiated coverage on S&P Global in a research note on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price objective for the company. StockNews.com downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Oppenheimer decreased their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Morgan Stanley increased their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company boosted their target price on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $590.86.

S&P Global Trading Down 1.2 %

Shares of SPGI stock opened at $502.33 on Friday. 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 $157.65 billion, a price-to-earnings ratio of 40.67, a PEG ratio of 2.41 and a beta of 1.20. 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 has a 50 day simple moving average of $515.20 and a 200-day simple moving average of $510.21.

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

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.76%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. S&P Global’s payout ratio is presently 31.09%.

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.