Cozad Asset Management Inc. Sells 251 Shares of S&P Global Inc. (NYSE:SPGI)

Cozad Asset Management Inc. decreased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 6.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,905 shares of the business services provider’s stock after selling 251 shares during the quarter. Cozad Asset Management Inc.’s holdings in S&P Global were worth $2,017,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Northwest Investment Counselors LLC bought a new position in S&P Global in the 3rd quarter valued at approximately $27,000. Sachetta LLC boosted its position in shares of S&P Global by 103.4% during the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after buying an additional 30 shares during the last quarter. HWG Holdings LP bought a new stake in S&P Global in the 2nd quarter worth about $27,000. Voisard Asset Management Group Inc. raised its position in S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after buying an additional 27 shares during the last quarter. Finally, Hobbs Group Advisors LLC bought a new position in S&P Global during the 2nd quarter valued at about $31,000. 87.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SPGI has been the subject of several research reports. Bank of America boosted their price objective on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Wells Fargo & Company lifted their price objective on S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. lowered their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Royal Bank of Canada boosted their price target on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Morgan Stanley increased their price objective on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Stock Up 1.5 %

SPGI opened at $497.10 on Friday. The stock has a market cap of $154.25 billion, a price-to-earnings ratio of 43.87, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The firm’s fifty day moving average is $511.49 and its 200 day moving average is $474.78. S&P Global Inc. has a fifty-two week low of $382.12 and a fifty-two week high of $533.29.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.21 earnings per share. On average, sell-side analysts forecast that S&P Global Inc. will post 15.16 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s payout ratio is currently 32.13%.

S&P Global 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.