Tilt Investment Management Holdings PBC Sells 439 Shares of S&P Global Inc. (NYSE:SPGI)

Tilt Investment Management Holdings PBC decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 24.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,327 shares of the business services provider’s stock after selling 439 shares during the quarter. Tilt Investment Management Holdings PBC’s holdings in S&P Global were worth $585,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group boosted its stake in shares of S&P Global by 64.1% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after acquiring an additional 25 shares during the period. Peterson Wealth Services purchased a new position in S&P Global in the 4th quarter worth approximately $254,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in S&P Global by 77.2% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 810 shares of the business services provider’s stock worth $357,000 after purchasing an additional 353 shares during the period. Daiwa Securities Group Inc. grew its holdings in S&P Global by 5.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 30,732 shares of the business services provider’s stock valued at $13,538,000 after buying an additional 1,648 shares in the last quarter. Finally, Oakworth Capital Inc. raised its position in shares of S&P Global by 31.2% during the fourth quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock valued at $44,000 after buying an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 0.0 %

NYSE:SPGI traded down $0.11 during midday trading on Thursday, hitting $412.00. 552,085 shares of the company traded hands, compared to its average volume of 1,302,030. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average is $425.70 and its 200-day moving average is $415.27. The firm has a market capitalization of $131.95 billion, a P/E ratio of 49.93, a P/E/G ratio of 2.31 and a beta of 1.15. S&P Global Inc. has a 12-month low of $338.92 and a 12-month high of $461.16.

S&P Global (NYSE:SPGI) last released 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 return on equity of 11.34% and a net margin of 21.02%. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the firm posted $2.54 earnings per share. S&P Global’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, sell-side analysts predict that S&P Global Inc. will post 14.03 EPS for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 27th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, February 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.88%. This is a boost from S&P Global’s previous quarterly dividend of $0.90. S&P Global’s payout ratio is presently 44.23%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Raymond James upped their target price on shares of S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Oppenheimer reissued an “outperform” rating and set a $480.00 price objective on shares of S&P Global in a report on Tuesday, April 2nd. BMO Capital Markets lifted their target price on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Stifel Nicolaus dropped their price target on S&P Global from $460.00 to $442.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of S&P Global in a report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $462.00.

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 shares were sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the sale, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

S&P Global Company Profile

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, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.