Redpoint Investment Management Pty Ltd trimmed its position in shares of S&P Global Inc (NYSE:SPGI) by 11.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,178 shares of the business services provider’s stock after selling 3,012 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in S&P Global were worth $3,939,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cantillon Capital Management LLC lifted its stake in shares of S&P Global by 0.8% in the 4th quarter. Cantillon Capital Management LLC now owns 2,900,459 shares of the business services provider’s stock valued at $492,904,000 after purchasing an additional 22,046 shares during the last quarter. Empire Life Investments Inc. lifted its stake in shares of S&P Global by 1.0% in the 4th quarter. Empire Life Investments Inc. now owns 24,097 shares of the business services provider’s stock valued at $4,095,000 after purchasing an additional 249 shares during the last quarter. Alps Advisors Inc. lifted its stake in shares of S&P Global by 6.8% in the 4th quarter. Alps Advisors Inc. now owns 3,031 shares of the business services provider’s stock valued at $515,000 after purchasing an additional 194 shares during the last quarter. Howe & Rusling Inc. lifted its stake in shares of S&P Global by 0.8% in the 4th quarter. Howe & Rusling Inc. now owns 49,042 shares of the business services provider’s stock valued at $8,334,000 after purchasing an additional 376 shares during the last quarter. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of S&P Global in the 4th quarter valued at $60,000. Hedge funds and other institutional investors own 84.66% of the company’s stock.

NYSE:SPGI opened at $193.59 on Monday. S&P Global Inc has a 52-week low of $156.68 and a 52-week high of $217.31. The company has a current ratio of 1.37, a quick ratio of 1.44 and a debt-to-equity ratio of 5.35. The stock has a market cap of $48.57 billion, a PE ratio of 22.78, a P/E/G ratio of 1.55 and a beta of 1.15.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, February 7th. The business services provider reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.02. S&P Global had a net margin of 31.30% and a return on equity of 367.09%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the firm posted $1.85 EPS. The business’s revenue was down 3.3% compared to the same quarter last year. On average, research analysts expect that S&P Global Inc will post 9.04 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 26th will be issued a dividend of $0.57 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, February 25th. This represents a $2.28 annualized dividend and a dividend yield of 1.18%. S&P Global’s payout ratio is presently 23.53%.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of S&P Global from a “hold” rating to a “sell” rating in a research note on Monday, January 7th. UBS Group lowered shares of S&P Global from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $200.00 to $205.00 in a research note on Friday. Raymond James reduced their price objective on shares of S&P Global from $222.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, October 26th. ValuEngine raised shares of S&P Global from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. Finally, Barclays cut their target price on shares of S&P Global from $220.00 to $205.00 and set an “overweight” rating for the company in a research report on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $207.75.

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S&P Global Profile

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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