Moloney Securities Asset Management LLC Sells 54 Shares of S&P Global Inc. (NYSE:SPGI)

Moloney Securities Asset Management LLC lowered its position in S&P Global Inc. (NYSE:SPGI) by 11.5% in the 4th quarter, Holdings Channel reports. The firm owned 416 shares of the business services provider’s stock after selling 54 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in S&P Global were worth $207,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Exchange Traded Concepts LLC increased its stake in S&P Global by 163.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 224 shares of the business services provider’s stock worth $116,000 after buying an additional 139 shares during the period. Koshinski Asset Management Inc. purchased a new position in shares of S&P Global during the third quarter worth approximately $216,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in shares of S&P Global during the third quarter valued at approximately $286,000. ORG Wealth Partners LLC purchased a new stake in shares of S&P Global in the third quarter valued at approximately $231,000. Finally, Wedge Capital Management L L P NC bought a new position in S&P Global in the third quarter worth approximately $263,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 4.9 %

S&P Global stock opened at $540.80 on Wednesday. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $542.00. The business has a fifty day moving average price of $505.68 and a 200-day moving average price of $506.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $167.81 billion, a price-to-earnings ratio of 47.73, a PEG ratio of 2.39 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. During the same period in the prior year, the firm earned $3.13 earnings per share. Equities research analysts forecast that S&P Global Inc. will post 15.34 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.71%. S&P Global’s dividend payout ratio is presently 32.13%.

Analysts Set New Price Targets

SPGI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Oppenheimer decreased 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. UBS Group increased their target price on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus boosted their price target on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Wells Fargo & Company dropped their price objective on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Company 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.