Csenge Advisory Group Sells 38 Shares of S&P Global Inc. (NYSE:SPGI)

Csenge Advisory Group lowered its stake in S&P Global Inc. (NYSE:SPGI) by 1.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,090 shares of the business services provider’s stock after selling 38 shares during the quarter. Csenge Advisory Group’s holdings in S&P Global were worth $1,539,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its holdings in S&P Global by 3.4% in the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after acquiring an additional 292,436 shares in the last quarter. Geode Capital Management LLC boosted its holdings in S&P Global by 1.8% in the third quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock valued at $3,332,016,000 after acquiring an additional 113,146 shares in the last quarter. FMR LLC lifted its position in S&P Global by 6.6% during 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 buying an additional 369,598 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in S&P Global by 1.1% during the third 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 buying an additional 28,458 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in S&P Global by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,936,697 shares of the business services provider’s stock valued at $1,000,536,000 after buying an additional 26,300 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Citigroup assumed coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. StockNews.com raised S&P Global from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Wells Fargo & Company raised their price objective on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Morgan Stanley raised their price objective on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Finally, Oppenheimer lowered their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $587.92.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $539.77 on Monday. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The business has a 50-day simple moving average of $507.39 and a two-hundred day simple moving average of $507.26. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $167.49 billion, a price-to-earnings ratio of 47.64, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. During the same period last year, the business posted $3.13 earnings per share. On average, analysts expect that S&P Global Inc. will post 15.34 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s payout ratio is currently 32.13%.

About S&P Global

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.