S&P Global Inc. (NYSE:SPGI) Holdings Reduced by Dock Street Asset Management Inc.

Dock Street Asset Management Inc. decreased its position in S&P Global Inc. (NYSE:SPGI) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,729 shares of the business services provider’s stock after selling 174 shares during the period. S&P Global makes up approximately 2.5% of Dock Street Asset Management Inc.’s holdings, making the stock its 16th biggest position. Dock Street Asset Management Inc.’s holdings in S&P Global were worth $15,739,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of S&P Global in the 4th quarter worth approximately $1,112,935,000. Clearbridge Investments LLC lifted its stake in shares of S&P Global by 11,089.7% in the 1st quarter. Clearbridge Investments LLC now owns 2,230,227 shares of the business services provider’s stock worth $914,794,000 after acquiring an additional 2,210,296 shares during the period. Morgan Stanley lifted its stake in shares of S&P Global by 49.9% in the 4th quarter. Morgan Stanley now owns 4,318,418 shares of the business services provider’s stock worth $1,446,412,000 after acquiring an additional 1,437,116 shares during the period. Northern Trust Corp lifted its stake in shares of S&P Global by 39.5% in the 1st quarter. Northern Trust Corp now owns 3,727,874 shares of the business services provider’s stock worth $1,529,100,000 after acquiring an additional 1,056,097 shares during the period. Finally, Moneta Group Investment Advisors LLC lifted its stake in shares of S&P Global by 113,163.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,005,777 shares of the business services provider’s stock worth $336,875,000 after acquiring an additional 1,004,889 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.7 %

S&P Global stock traded up $2.80 during trading hours on Thursday, hitting $414.91. The company had a trading volume of 326,385 shares, compared to its average volume of 1,298,884. The firm has a market capitalization of $132.88 billion, a P/E ratio of 50.07, a price-to-earnings-growth ratio of 2.31 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. The firm’s fifty day moving average is $425.70 and its 200-day moving average is $415.27. S&P Global Inc. has a fifty-two week low of $338.92 and a fifty-two week high of $461.16.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.02). S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the company earned $2.54 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, research analysts forecast that S&P Global Inc. will post 14.03 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th were paid a dividend of $0.91 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.90. The ex-dividend date was Monday, February 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.88%. S&P Global’s dividend payout ratio is 44.23%.

Analyst Upgrades and Downgrades

Several research firms recently commented on SPGI. Raymond James increased their target price on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Oppenheimer reissued an “outperform” rating and set a $480.00 target price on shares of S&P Global in a research note on Tuesday, April 2nd. BMO Capital Markets increased their target price on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 target price on shares of S&P Global in a research note on Friday, February 9th. Finally, Barclays upped their price target on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $464.22.

Insider Transactions at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the transaction, the chief executive officer now owns 162,530 shares in the company, valued at approximately $69,032,992.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by company insiders.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.