Alta Capital Management LLC Sells 3,163 Shares of S&P Global Inc. (NYSE:SPGI)

Alta Capital Management LLC lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,268 shares of the business services provider’s stock after selling 3,163 shares during the period. S&P Global accounts for approximately 2.8% of Alta Capital Management LLC’s investment portfolio, making the stock its 14th biggest holding. Alta Capital Management LLC’s holdings in S&P Global were worth $46,450,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Headinvest LLC increased its stake in S&P Global by 2.0% during the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after acquiring an additional 20 shares during the period. EWA LLC increased its stake in S&P Global by 4.2% during the 3rd quarter. EWA LLC now owns 498 shares of the business services provider’s stock worth $254,000 after acquiring an additional 20 shares during the period. Continuum Advisory LLC increased its stake in S&P Global by 1.3% during the 3rd quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock worth $788,000 after acquiring an additional 20 shares during the period. Parkside Financial Bank & Trust increased its stake in S&P Global by 2.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock worth $515,000 after acquiring an additional 20 shares during the period. Finally, Archer Investment Corp increased its stake in S&P Global by 21.0% during the 3rd quarter. Archer Investment Corp now owns 127 shares of the business services provider’s stock worth $66,000 after acquiring an additional 22 shares during the period. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on SPGI. Morgan Stanley raised their price objective on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. BMO Capital Markets lifted their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. UBS Group lifted their price target on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Oppenheimer decreased their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $590.23.

S&P Global Stock Down 0.9 %

Shares of SPGI opened at $528.98 on Tuesday. The company has a market capitalization of $162.82 billion, a PE ratio of 42.83, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The stock’s 50-day moving average price is $514.36 and its two-hundred day moving average price is $511.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the prior year, the firm posted $3.13 EPS. On average, analysts anticipate that S&P Global Inc. will post 17.11 EPS 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. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. The ex-dividend date is Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.73%. S&P Global’s payout ratio is presently 31.09%.

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.