Ferguson Wellman Capital Management Inc. Sells 31 Shares of S&P Global Inc. (NYSE:SPGI)

Ferguson Wellman Capital Management Inc. lowered its position in S&P Global Inc. (NYSE:SPGI) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,180 shares of the business services provider’s stock after selling 31 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in S&P Global were worth $588,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SPGI. Exchange Traded Concepts LLC raised its holdings in shares of S&P Global by 163.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 224 shares of the business services provider’s stock worth $116,000 after buying an additional 139 shares in the last quarter. Koshinski Asset Management Inc. acquired a new position in shares of S&P Global in the 3rd quarter worth approximately $216,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in shares of S&P Global in the 3rd quarter worth approximately $286,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of S&P Global by 8.6% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,660 shares of the business services provider’s stock worth $1,374,000 after buying an additional 211 shares in the last quarter. Finally, Accelerate Investment Advisors LLC acquired a new position in shares of S&P Global in the 3rd quarter worth approximately $296,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.9 %

NYSE:SPGI opened at $514.26 on Tuesday. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $159.58 billion, a P/E ratio of 45.39, a P/E/G ratio of 2.39 and a beta of 1.20. The stock’s fifty day simple moving average is $505.85 and its 200-day simple moving average is $505.78.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a $0.96 dividend. 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%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is currently 33.89%.

Analysts Set New Price Targets

SPGI has been the subject of a number of recent research reports. Oppenheimer dropped 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. JPMorgan Chase & Co. dropped their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. UBS Group raised their price target on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. BMO Capital Markets raised their price target on S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. Finally, Citigroup started coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price target for the company. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $584.54.

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.