Federated Hermes Inc. Sells 20,436 Shares of S&P Global Inc. (NYSE:SPGI)

Federated Hermes Inc. cut its position in shares of S&P Global Inc. (NYSE:SPGI) by 8.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 236,089 shares of the business services provider’s stock after selling 20,436 shares during the period. Federated Hermes Inc.’s holdings in S&P Global were worth $104,002,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Fidelis Capital Partners LLC grew its stake in S&P Global by 18.5% in the third quarter. Fidelis Capital Partners LLC now owns 1,409 shares of the business services provider’s stock valued at $515,000 after purchasing an additional 220 shares in the last quarter. Arkadios Wealth Advisors grew its stake in S&P Global by 6.1% in the fourth quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock valued at $671,000 after purchasing an additional 87 shares in the last quarter. Handelsinvest Investeringsforvaltning acquired a new stake in shares of S&P Global in the fourth quarter valued at approximately $1,644,000. Aspiriant LLC acquired a new stake in shares of S&P Global in the fourth quarter valued at approximately $398,000. Finally, Westfield Capital Management Co. LP lifted its position in shares of S&P Global by 12.1% in the third quarter. Westfield Capital Management Co. LP now owns 186,231 shares of the business services provider’s stock valued at $68,051,000 after buying an additional 20,153 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SPGI shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a research report on Friday, February 9th. Barclays raised their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. BMO Capital Markets lifted their price target on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Stifel Nicolaus dropped their price target on S&P Global from $460.00 to $442.00 and set a “buy” rating for the company in a report on Thursday. Finally, Raymond James lifted their price target on S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $462.00.

S&P Global Price Performance

S&P Global stock opened at $413.37 on Friday. The stock’s fifty day moving average price is $425.23 and its two-hundred day moving average price is $415.25. S&P Global Inc. has a one year low of $338.92 and a one year high of $461.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $132.39 billion, a PE ratio of 50.23, a price-to-earnings-growth ratio of 2.32 and a beta of 1.15.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the business earned $2.54 EPS. S&P Global’s revenue was up 7.3% on a year-over-year basis. As a group, research analysts expect that S&P Global Inc. will post 14.08 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th were paid a $0.91 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.90. The ex-dividend date was Monday, February 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.88%. S&P Global’s dividend payout ratio (DPR) is presently 44.23%.

Insider Activity

In other news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the transaction, the chief executive officer now owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.