BLB&B Advisors LLC Cuts Holdings in S&P Global Inc. (NYSE:SPGI)
BLB&B Advisors LLC cut its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,137 shares of the business services provider's stock after selling 1,446 shares during the quarter. BLB&B Advisors LLC's holdings in S&P Global were worth $11,025,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new position in S&P Global during the third quarter worth about $27,000. First Personal Financial Services acquired a new stake in shares of S&P Global during the 3rd quarter valued at approximately $29,000. Capital Performance Advisors LLP purchased a new stake in shares of S&P Global during the 3rd quarter worth approximately $31,000. Voisard Asset Management Group Inc. grew its holdings in shares of S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider's stock worth $32,000 after acquiring an additional 27 shares during the period. Finally, Dunhill Financial LLC increased 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 valued at $36,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.
Several research firms recently commented on SPGI. JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $600.00 to $585.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. Citigroup initiated 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. UBS Group raised their price objective on shares of S&P Global from $605.00 to $610.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Robert W. Baird upped their target price on S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Finally, Morgan Stanley increased their target price on S&P Global from $570.00 to $595.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $584.54.
Check Out Our Latest Report on S&P Global
NYSE:SPGI opened at $519.00 on Friday. The firm has a 50-day moving average of $505.92 and a two-hundred day moving average of $505.32. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $161.05 billion, a P/E ratio of 45.81, a PEG ratio of 2.40 and a beta of 1.20. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29.
The firm 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. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. This is an increase from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio is currently 32.13%.
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.
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