S&P Global Inc. $SPGI Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 199,220 shares of the business services provider’s stock after selling 2,384 shares during the period. Federated Hermes Inc. owned approximately 0.07% of S&P Global worth $96,962,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Emerald Advisers LLC raised its stake in S&P Global by 2.0% in the second quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock valued at $480,000 after buying an additional 18 shares during the last quarter. Fullcircle Wealth LLC raised its position in shares of S&P Global by 1.0% in the 2nd quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock valued at $984,000 after purchasing an additional 18 shares during the last quarter. Summitry LLC boosted its stake in S&P Global by 2.1% in the 2nd quarter. Summitry LLC now owns 883 shares of the business services provider’s stock worth $466,000 after purchasing an additional 18 shares in the last quarter. Hamilton Capital LLC grew its position in S&P Global by 4.5% during the 2nd quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock worth $220,000 after purchasing an additional 18 shares during the last quarter. Finally, Sand Hill Global Advisors LLC grew its position in S&P Global by 3.1% during the 2nd quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock worth $333,000 after purchasing an additional 19 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SPGI. Mizuho raised their price target on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Seaport Research Partners upgraded S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. William Blair reissued an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Finally, Evercore ISI lifted their target price on S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $615.64.

S&P Global Stock Up 0.3%

SPGI stock opened at $528.01 on Thursday. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97. The firm’s fifty day moving average is $517.17 and its 200 day moving average is $517.35. The firm has a market cap of $159.88 billion, a PE ratio of 38.40, a P/E/G ratio of 2.24 and a beta of 1.21.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 30th. The business services provider reported $4.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.26 by $0.47. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the prior year, the company posted $3.89 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date is Wednesday, February 25th. S&P Global’s dividend payout ratio (DPR) is presently 27.93%.

S&P Global Company Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.