Evercore Wealth Management LLC Decreases Stake in S&P Global Inc. (NYSE:SPGI)

Evercore Wealth Management LLC lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,604 shares of the business services provider’s stock after selling 176 shares during the quarter. Evercore Wealth Management LLC’s holdings in S&P Global were worth $1,795,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in SPGI. Syon Capital LLC boosted its position in S&P Global by 1.0% during the 4th quarter. Syon Capital LLC now owns 2,705 shares of the business services provider’s stock valued at $1,347,000 after buying an additional 28 shares during the period. Brasada Capital Management LP boosted its holdings in shares of S&P Global by 113.0% during the fourth quarter. Brasada Capital Management LP now owns 18,323 shares of the business services provider’s stock worth $8,877,000 after purchasing an additional 9,720 shares during the period. Totem Point Management LLC grew its stake in shares of S&P Global by 17.1% in the fourth quarter. Totem Point Management LLC now owns 25,800 shares of the business services provider’s stock worth $12,849,000 after purchasing an additional 3,761 shares during the last quarter. MGO One Seven LLC increased its holdings in S&P Global by 32.7% during the 4th quarter. MGO One Seven LLC now owns 2,262 shares of the business services provider’s stock valued at $1,127,000 after purchasing an additional 558 shares during the period. Finally, Quantessence Capital LLC bought a new position in S&P Global during the 4th quarter valued at approximately $2,026,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

S&P Global stock opened at $470.84 on Thursday. The stock’s 50 day moving average is $494.80 and its 200 day moving average is $503.54. The company has a market capitalization of $147.77 billion, a P/E ratio of 38.12, a PEG ratio of 2.41 and a beta of 1.26. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period in the previous year, the company earned $3.13 EPS. On average, equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.82%. S&P Global’s payout ratio is 31.09%.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of recent analyst reports. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. UBS Group lifted their price target on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. BMO Capital Markets upped their price objective on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Oppenheimer cut their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Finally, Bank of America assumed coverage on shares of S&P Global in a research note on Thursday, April 10th. They issued a “buy” rating and a $600.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $591.86.

S&P Global Company 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.