Ferguson Wellman Capital Management Inc. Sells 444 Shares of S&P Global Inc. (NYSE:SPGI)

Ferguson Wellman Capital Management Inc. trimmed its stake in S&P Global Inc. (NYSE:SPGIFree Report) by 25.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,332 shares of the business services provider’s stock after selling 444 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in S&P Global were worth $587,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vest Financial LLC raised its holdings in shares of S&P Global by 43.3% in the 4th quarter. Vest Financial LLC now owns 76,862 shares of the business services provider’s stock valued at $33,859,000 after purchasing an additional 23,242 shares during the period. Chesley Taft & Associates LLC lifted its position in shares of S&P Global by 2.5% in the fourth quarter. Chesley Taft & Associates LLC now owns 10,988 shares of the business services provider’s stock valued at $4,840,000 after buying an additional 269 shares during the last quarter. Chapin Davis Inc. acquired a new stake in shares of S&P Global in the fourth quarter valued at approximately $222,000. West Coast Financial LLC boosted its stake in shares of S&P Global by 8.7% during the 4th quarter. West Coast Financial LLC now owns 17,747 shares of the business services provider’s stock worth $7,818,000 after acquiring an additional 1,423 shares during the period. Finally, Rockland Trust Co. increased its holdings in shares of S&P Global by 2.0% during the 4th quarter. Rockland Trust Co. now owns 27,058 shares of the business services provider’s stock worth $11,920,000 after acquiring an additional 529 shares during the last quarter. Institutional investors own 85.50% of the company’s stock.

Analyst Ratings Changes

SPGI has been the subject of several research reports. TheStreet raised S&P Global from a “c+” rating to a “b-” rating in a report on Monday, November 27th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 target price on shares of S&P Global in a report on Friday, February 9th. Finally, Raymond James increased their price target on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $446.25.

Check Out Our Latest Stock Analysis on S&P Global

S&P Global Price Performance

S&P Global stock opened at $428.55 on Friday. The firm has a market cap of $137.25 billion, a PE ratio of 52.07, a price-to-earnings-growth ratio of 2.43 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. The stock’s fifty day moving average price is $434.95 and its two-hundred day moving average price is $409.65. S&P Global Inc. has a one year low of $327.08 and a one year high of $461.16.

S&P Global (NYSE:SPGIGet Free Report) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the firm earned $2.54 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, research analysts expect that S&P Global Inc. will post 14 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 27th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.85%. This is a boost from S&P Global’s previous quarterly dividend of $0.90. The ex-dividend date was Monday, February 26th. S&P Global’s dividend payout ratio (DPR) is 44.23%.

Insiders Place Their Bets

In other news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the transaction, the chief executive officer now owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

S&P Global Company Profile

(Free Report)

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, and S&P Dow Jones Indices segments.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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