Fisher Asset Management LLC Sells 164 Shares of S&P Global Inc. (NYSE:SPGI)

Fisher Asset Management LLC reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,355 shares of the business services provider’s stock after selling 164 shares during the quarter. Fisher Asset Management LLC’s holdings in S&P Global were worth $3,166,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SPGI. First Personal Financial Services purchased a new stake in shares of S&P Global during the third quarter worth $29,000. Human Investing LLC bought a new stake in shares of S&P Global during the 4th quarter valued at $30,000. Capital Performance Advisors LLP purchased a new stake in S&P Global during the 3rd quarter worth about $31,000. Dunhill Financial LLC boosted its stake in S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after purchasing an additional 34 shares during the period. Finally, Sound Income Strategies LLC grew its holdings in S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after buying an additional 63 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SPGI shares. Evercore ISI increased their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Morgan Stanley increased their target price 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. UBS Group boosted their price target 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 report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. Finally, Oppenheimer dropped their price objective on 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. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $590.23.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $523.27 on Thursday. The stock’s 50-day moving average is $514.96 and its 200 day moving average is $511.46. The stock has a market cap of $161.06 billion, a price-to-earnings ratio of 42.37, a P/E/G 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 current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 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 firm earned $3.13 EPS. On average, sell-side 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 declared 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. The ex-dividend date of this dividend is Wednesday, February 26th. 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 0.73%. S&P Global’s 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.