Decatur Capital Management Inc. Sells 63 Shares of S&P Global Inc. (NYSE:SPGI)

Decatur Capital Management Inc. reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,275 shares of the business services provider’s stock after selling 63 shares during the quarter. Decatur Capital Management Inc.’s holdings in S&P Global were worth $2,129,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SPGI. Nordea Investment Management AB lifted its holdings in S&P Global by 52.0% during the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after purchasing an additional 225,370 shares during the last quarter. Eastern Bank lifted its holdings in shares of S&P Global by 3.1% during the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock worth $24,980,000 after buying an additional 1,530 shares in the last quarter. Wealthfront Advisers LLC boosted its position in shares of S&P Global by 19.1% in the fourth quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider’s stock valued at $18,799,000 after acquiring an additional 6,051 shares during the period. Oddo BHF Asset Management Sas acquired a new position in shares of S&P Global in the third quarter valued at about $27,170,000. Finally, American Trust increased its position in S&P Global by 76.2% during the third quarter. American Trust now owns 2,518 shares of the business services provider’s stock worth $1,301,000 after acquiring an additional 1,089 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on SPGI shares. Oppenheimer decreased their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. JPMorgan Chase & Co. lowered their price objective on S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a research note on Wednesday. Wells Fargo & Company reduced their target price on S&P Global from $633.00 to $607.00 and set an “overweight” rating on the stock in a report on Thursday. Morgan Stanley boosted their price target on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Finally, UBS Group increased their price objective on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $591.86.

S&P Global Stock Performance

Shares of SPGI stock opened at $462.55 on Friday. The firm has a market capitalization of $145.17 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 2.41 and a beta of 1.26. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The business’s 50-day moving average price is $499.33 and its 200-day moving average price is $504.61. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39.

S&P Global (NYSE:SPGI) last posted 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 net margin of 27.12% and a return on equity of 14.33%. During the same quarter in the prior year, the firm posted $3.13 EPS. Equities research analysts forecast 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 was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.96 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is currently 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.