S&P Global Inc. (NYSE:SPGI) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 236,089 shares of the business services provider’s stock after selling 20,436 shares during the period. Federated Hermes Inc. owned approximately 0.07% of S&P Global worth $104,002,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Kathleen S. Wright Associates Inc. bought a new position in S&P Global during the third quarter valued at about $25,000. Valued Wealth Advisors LLC bought a new position in S&P Global during the fourth quarter valued at about $28,000. Harbour Investments Inc. boosted its stake in S&P Global by 45.8% during the third quarter. Harbour Investments Inc. now owns 86 shares of the business services provider’s stock valued at $31,000 after buying an additional 27 shares in the last quarter. Fortis Group Advisors LLC bought a new position in S&P Global during the third quarter valued at about $33,000. Finally, LFA Lugano Financial Advisors SA boosted its position in shares of S&P Global by 200.0% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 50 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Up 0.3 %

Shares of S&P Global stock opened at $413.37 on Friday. S&P Global Inc. has a 1 year low of $338.92 and a 1 year high of $461.16. The stock has a 50-day moving average price of $425.23 and a 200 day moving average price of $415.25. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. The company has a market cap of $132.39 billion, a P/E ratio of 50.23, a P/E/G ratio of 2.32 and a beta of 1.15.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the business earned $2.54 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, analysts expect that S&P Global Inc. will post 14.08 EPS for the current fiscal year.

S&P Global Increases Dividend

The company 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. The ex-dividend date was Monday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.90. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.88%. S&P Global’s dividend payout ratio (DPR) is 44.23%.

Insider Transactions at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the sale, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SPGI shares. Oppenheimer reiterated an “outperform” rating and issued a $480.00 price target on shares of S&P Global in a research report on Tuesday, April 2nd. Barclays increased their price target on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Raymond James increased their price target on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Stifel Nicolaus decreased their price target on S&P Global from $460.00 to $442.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a research report on Friday, February 9th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $462.00.

S&P Global Company Profile

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.