TCW Group Inc. Sells 16,102 Shares of S&P Global Inc. (NYSE:SPGI)

TCW Group Inc. reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 4.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 329,399 shares of the business services provider’s stock after selling 16,102 shares during the quarter. S&P Global accounts for about 1.4% of TCW Group Inc.’s investment portfolio, making the stock its 14th biggest holding. TCW Group Inc. owned 0.11% of S&P Global worth $164,051,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. First Personal Financial Services bought a new stake in shares of S&P Global in the third quarter worth approximately $29,000. Human Investing LLC bought a new stake in shares of S&P Global in the fourth quarter worth approximately $30,000. Capital Performance Advisors LLP bought a new stake in shares of S&P Global in the third quarter worth approximately $31,000. Voisard Asset Management Group Inc. grew its stake in shares of S&P Global by 77.1% in the third 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 grew its stake in shares of S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after acquiring an additional 34 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Evercore ISI raised their price objective on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Stifel Nicolaus raised their price objective on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Morgan Stanley raised their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, Citigroup assumed coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $590.23.

S&P Global Trading Down 0.4 %

SPGI stock opened at $533.05 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The stock has a market capitalization of $164.07 billion, a price-to-earnings ratio of 43.16, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The firm’s fifty day simple moving average is $510.08 and its two-hundred day simple moving average is $509.23.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter last year, the company earned $3.13 earnings per share. As a group, analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

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 paid a dividend of $0.96 per share. This is a positive change 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 0.72%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s payout ratio is currently 29.47%.

S&P Global 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.