Ironwood Investment Counsel LLC Sells 72,080 Shares of S&P Global Inc. $SPGI

Ironwood Investment Counsel LLC cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 97.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,165 shares of the business services provider’s stock after selling 72,080 shares during the period. Ironwood Investment Counsel LLC’s holdings in S&P Global were worth $1,054,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Concord Wealth Partners boosted its position in shares of S&P Global by 4.5% in the third quarter. Concord Wealth Partners now owns 1,078 shares of the business services provider’s stock valued at $525,000 after acquiring an additional 46 shares during the period. Prime Capital Investment Advisors LLC increased its holdings in S&P Global by 324.8% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 28,094 shares of the business services provider’s stock worth $13,673,000 after acquiring an additional 21,481 shares during the period. Financial & Tax Architects LLC lifted its stake in S&P Global by 3.8% in the 3rd quarter. Financial & Tax Architects LLC now owns 14,576 shares of the business services provider’s stock worth $7,094,000 after purchasing an additional 539 shares in the last quarter. ABN AMRO Bank N.V. boosted its holdings in S&P Global by 14.6% in the 3rd quarter. ABN AMRO Bank N.V. now owns 670,551 shares of the business services provider’s stock valued at $325,465,000 after purchasing an additional 85,272 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S grew its position in shares of S&P Global by 3.7% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 74,797 shares of the business services provider’s stock valued at $33,942,000 after purchasing an additional 2,677 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Down 2.7%

Shares of SPGI opened at $439.44 on Friday. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a 50 day simple moving average of $516.11 and a two-hundred day simple moving average of $515.55. The firm has a market cap of $133.06 billion, a P/E ratio of 31.96, a P/E/G ratio of 1.92 and a beta of 1.20.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be paid a $0.97 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s dividend payout ratio is currently 27.93%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus lowered their price objective on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Evercore upped their target price on S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Mizuho lifted their price target on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. BMO Capital Markets set a $546.00 price objective on shares of S&P Global in a research report on Friday, November 14th. Finally, William Blair reaffirmed an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $615.64.

S&P Global Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.