Alta Capital Management LLC Sells 3,163 Shares of S&P Global Inc. (NYSE:SPGI)

Alta Capital Management LLC reduced its holdings in S&P Global Inc. (NYSE:SPGI) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,268 shares of the business services provider’s stock after selling 3,163 shares during the quarter. S&P Global accounts for about 2.8% of Alta Capital Management LLC’s investment portfolio, making the stock its 14th largest holding. Alta Capital Management LLC’s holdings in S&P Global were worth $46,450,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. First Personal Financial Services bought a new position in shares of S&P Global during the third quarter worth about $29,000. Human Investing LLC bought a new position in shares of S&P Global during the fourth quarter worth about $30,000. Capital Performance Advisors LLP bought a new position in shares of S&P Global during the third quarter worth about $31,000. Noble Wealth Management PBC bought a new position in shares of S&P Global during the fourth quarter worth about $31,000. Finally, Dunhill Financial LLC grew its holdings in shares of 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 in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of research reports. UBS Group increased their price objective on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. BMO Capital Markets increased their price objective on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Citigroup began coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price target for the company. Finally, Wells Fargo & Company increased their price target on 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 investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $590.23.

S&P Global Stock Performance

SPGI opened at $528.98 on Tuesday. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. The stock has a market cap of $162.82 billion, a price-to-earnings ratio of 42.83, a PEG ratio of 2.41 and a beta of 1.20. The business has a 50 day moving average of $514.36 and a 200-day moving average of $511.20. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last released its quarterly earnings data 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 return on equity of 14.33% and a net margin of 27.12%. During the same period in the previous year, the business earned $3.13 earnings per share. On average, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.73%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is 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.