S&P Global Inc. (NYSE:SPGI) Shares Sold by Mitchell Capital Management Co.

Mitchell Capital Management Co. cut its holdings in S&P Global Inc. (NYSE:SPGI) by 25.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 434 shares of the business services provider’s stock after selling 148 shares during the quarter. Mitchell Capital Management Co.’s holdings in S&P Global were worth $216,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wellington Management Group LLP lifted its stake in S&P Global by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after buying an additional 292,436 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of S&P Global by 1.8% in the third quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock worth $3,332,016,000 after acquiring an additional 113,146 shares during the last quarter. FMR LLC lifted its position in shares of S&P Global by 6.6% in the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after acquiring an additional 369,598 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of S&P Global by 1.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock valued at $1,401,909,000 after acquiring an additional 28,458 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in S&P Global by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,936,697 shares of the business services provider’s stock worth $1,000,536,000 after purchasing an additional 26,300 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SPGI has been the topic of a number of recent research reports. UBS Group upped their target price on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Evercore ISI lifted their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Citigroup started coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target for the company. Oppenheimer decreased their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Finally, StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $590.23.

S&P Global Stock Up 1.7 %

Shares of NYSE:SPGI opened at $534.09 on Friday. The stock has a 50-day simple moving average of $513.75 and a 200-day simple moving average of $510.82. The stock has a market capitalization of $164.39 billion, a P/E ratio of 43.25, a PEG 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. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

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, topping the consensus estimate 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 company earned $3.13 earnings per share. Equities analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a $0.96 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio is currently 31.09%.

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.