Oppenheimer Asset Management Inc. Sells 1,937 Shares of S&P Global Inc. $SPGI

Oppenheimer Asset Management Inc. decreased its position in S&P Global Inc. (NYSE:SPGI) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 59,845 shares of the business services provider’s stock after selling 1,937 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in S&P Global were worth $29,127,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SPGI. Vanguard Group Inc. raised its stake in shares of S&P Global by 1.1% in the second quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock valued at $15,868,750,000 after acquiring an additional 315,916 shares during the last quarter. TCI Fund Management Ltd. grew its position in S&P Global by 7.0% during the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after acquiring an additional 730,354 shares during the last quarter. Geode Capital Management LLC increased its holdings in S&P Global by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock valued at $3,565,889,000 after purchasing an additional 42,724 shares in the last quarter. Norges Bank bought a new position in S&P Global in the 2nd quarter valued at $2,188,945,000. Finally, Legal & General Group Plc boosted its stake in S&P Global by 1.3% in the second quarter. Legal & General Group Plc now owns 2,135,004 shares of the business services provider’s stock worth $1,125,766,000 after purchasing an additional 26,945 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of research reports. William Blair restated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Evercore raised their price objective on shares of S&P Global from $629.00 to $632.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Stifel Nicolaus reduced their target price on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $640.00 price objective on shares of S&P Global in a research report on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the stock. According to MarketBeat, S&P Global currently has a consensus rating of “Buy” and a consensus price target of $615.64.

S&P Global Trading Down 2.7%

SPGI opened at $439.44 on Monday. The firm has a 50 day simple moving average of $516.11 and a 200 day simple moving average of $515.45. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The company has a market cap of $133.06 billion, a price-to-earnings ratio of 31.96, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be paid a $0.97 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is currently 27.93%.

S&P Global 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.