Windmill Hill Asset Management Ltd Decreases Stock Position in S&P Global Inc. (NYSE:SPGI)

Windmill Hill Asset Management Ltd lowered its stake in S&P Global Inc. (NYSE:SPGI) by 19.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,423 shares of the business services provider’s stock after selling 1,288 shares during the quarter. S&P Global makes up 2.7% of Windmill Hill Asset Management Ltd’s investment portfolio, making the stock its 9th largest position. Windmill Hill Asset Management Ltd’s holdings in S&P Global were worth $2,701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SPGI. Northwest Investment Counselors LLC purchased a new position in S&P Global during the third quarter worth about $27,000. First Personal Financial Services bought a new stake in shares of S&P Global during the 3rd quarter valued at about $29,000. Capital Performance Advisors LLP purchased a new position in shares of S&P Global during the third quarter worth about $31,000. Voisard Asset Management Group Inc. increased its position in shares of S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after purchasing an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC raised its stake in S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on SPGI. BMO Capital Markets boosted their price target on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Robert W. Baird increased their target price on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lowered their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Oppenheimer cut their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, Wells Fargo & Company decreased their price objective on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $584.54.

S&P Global Price Performance

SPGI stock opened at $518.52 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The firm has a 50-day moving average of $506.01 and a 200 day moving average of $505.23. The company has a market cap of $160.90 billion, a P/E ratio of 45.76, a PEG ratio of 2.40 and a beta of 1.20.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

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.