Mather Group LLC. Cuts Position in S&P Global Inc. (NYSE:SPGI)

Mather Group LLC. reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,782 shares of the business services provider’s stock after selling 399 shares during the quarter. Mather Group LLC.’s holdings in S&P Global were worth $2,381,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SPGI. Wellington Management Group LLP boosted its holdings 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 worth $4,581,580,000 after acquiring an additional 292,436 shares during the period. Geode Capital Management LLC lifted its position in shares of S&P Global by 1.8% during 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 purchasing an additional 113,146 shares in the last quarter. FMR LLC boosted its stake 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 purchasing an additional 369,598 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in S&P Global by 1.1% during the 3rd 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 purchasing an additional 28,458 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake 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 buying an additional 26,300 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SPGI. UBS Group upped their price objective on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. BMO Capital Markets lifted their price objective on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. Citigroup started coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. Morgan Stanley raised their price target on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. cut their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Trading Down 0.9 %

NYSE SPGI opened at $513.59 on Wednesday. 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 Inc. has a one year low of $407.69 and a one year high of $533.29. The company has a 50-day simple moving average of $506.36 and a 200-day simple moving average of $504.93. The firm has a market capitalization of $159.37 billion, a PE ratio of 45.33, a price-to-earnings-growth ratio of 2.40 and a beta of 1.20.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. S&P Global’s dividend payout ratio is 32.13%.

S&P Global Company 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.