Realta Investment Advisors Cuts Stock Position in S&P Global Inc. (NYSE:SPGI)

Realta Investment Advisors lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 19.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,452 shares of the business services provider’s stock after selling 350 shares during the period. Realta Investment Advisors’ holdings in S&P Global were worth $726,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new position in shares of S&P Global during the third quarter valued at $27,000. First Personal Financial Services bought a new position in S&P Global in the 3rd quarter worth about $29,000. Capital Performance Advisors LLP purchased a new stake in S&P Global during the 3rd quarter valued at about $31,000. Voisard Asset Management Group Inc. increased its stake in S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 27 shares in the last quarter. Finally, Dunhill Financial LLC raised its holdings in S&P Global by 94.4% in 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 last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. BMO Capital Markets increased their price target on shares of S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. UBS Group upped their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Oppenheimer reduced 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. Robert W. Baird upped their price target on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Morgan Stanley increased their price objective on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned 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 $584.54.

S&P Global Trading Up 0.8 %

Shares of NYSE:SPGI opened at $518.52 on Friday. The stock’s 50-day simple moving average is $505.92 and its two-hundred day simple moving average is $505.32. The stock has a market capitalization of $160.90 billion, a price-to-earnings ratio of 45.76, a PEG ratio of 2.40 and a beta of 1.20. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global Increases Dividend

The firm also recently disclosed 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. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

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.