Oppenheimer Asset Management Inc. Sells 1,350 Shares of S&P Global Inc. (NYSE:SPGI)

Oppenheimer Asset Management Inc. reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 63,817 shares of the business services provider’s stock after selling 1,350 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in S&P Global were worth $31,783,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Personal Financial Services bought a new stake in shares of S&P Global during the third quarter worth $29,000. Human Investing LLC purchased a new position in shares of S&P Global in the 4th quarter worth approximately $30,000. Capital Performance Advisors LLP acquired a new position in shares of S&P Global during the third quarter worth $31,000. Voisard Asset Management Group Inc. raised its stake in 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 valued at $32,000 after buying an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC raised its position in shares of S&P Global by 94.4% in the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

S&P Global stock opened at $528.65 on Thursday. 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 stock has a market cap of $162.72 billion, a P/E ratio of 42.81, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The stock has a 50 day moving average of $512.12 and a 200-day moving average of $510.22.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the business posted $3.13 earnings per share. On average, analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.73%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is presently 31.09%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SPGI shares. UBS Group raised their price target on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Citigroup started coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. Morgan Stanley increased their target price on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Wells Fargo & Company boosted their price target on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Finally, StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $590.23.

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.