Bowen Hanes & Co. Inc. Sells 1,165 Shares of S&P Global Inc. (NYSE:SPGI)

Bowen Hanes & Co. Inc. decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 156,859 shares of the business services provider’s stock after selling 1,165 shares during the period. S&P Global accounts for about 2.1% of Bowen Hanes & Co. Inc.’s portfolio, making the stock its 14th biggest holding. Bowen Hanes & Co. Inc.’s holdings in S&P Global were worth $78,120,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Achmea Investment Management B.V. grew its position in shares of S&P Global by 109.6% during the fourth quarter. Achmea Investment Management B.V. now owns 12,275 shares of the business services provider’s stock valued at $6,114,000 after purchasing an additional 6,419 shares in the last quarter. Essential Planning LLC. bought a new position in S&P Global during the fourth quarter valued at approximately $215,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new position in S&P Global during the 4th quarter valued at approximately $289,000. EverSource Wealth Advisors LLC increased its stake in S&P Global by 74.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,129 shares of the business services provider’s stock worth $562,000 after acquiring an additional 481 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in S&P Global by 5.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 5,855 shares of the business services provider’s stock worth $2,916,000 after acquiring an additional 279 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SPGI. Mizuho started coverage on shares of S&P Global in a report on Wednesday. They issued an “outperform” rating and a $599.00 target price for the company. Evercore ISI lifted their price objective on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. UBS Group boosted their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Citigroup started coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target for the company. Finally, Oppenheimer reduced their price objective 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 analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $590.86.

S&P Global Price Performance

SPGI opened at $478.74 on Thursday. The business has a fifty day moving average of $514.13 and a 200 day moving average of $511.23. The stock has a market cap of $147.36 billion, a P/E ratio of 38.76, a PEG ratio of 2.41 and a beta of 1.20. 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 52-week low of $407.69 and a 52-week high of $545.39.

S&P Global (NYSE:SPGI) last posted its quarterly 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 net margin of 27.12% and a return on equity of 14.33%. During the same period in the prior year, the firm posted $3.13 EPS. As a group, sell-side 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 declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is currently 31.09%.

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.